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Banking
Banking
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Questions
10
Answers
1
What was the primary function of banks in ancient times?
Lending money with interest
None of these
Currency exchange
Safeguarding deposits
2
The introduction of paper money originated in which country?
England
China
Italy
India
3
The Medici bank, one of the most famous early banking institutions, was established in which country?
England
Italy
France
Spain
4
The code of Hammurabi included rules about what banking practice?
Forgery of currency
Money laundering
Interest rates on loans
Banking monopolies
5
What event led to the creation of the Federal Reserve System in the US?
The Great Depression
The civil war
The dot-com bubble
The panic of 1907
6
When was the first modern bank established?
1609
1792
1694
1516
7
Which banking practice was prohibited in medieval Europe due to religious restrictions?
Currency exchange
Issuing promissory notes
Lending to monarchs
Charging interest on loans
8
Which country is home to the first ever known banks in history?
Greece
China
Mesopotamia
Egypt
9
What innovation did the Medici bank introduce to banking?
ATMs
Double-entry bookkeeping
Credit cards
Banknotes
10
What role did temples play in ancient banking systems?
Managing currency exchange
Safeguarding deposits of gold and grain
None of these
Issuing loans
