History of Banking

6. What is the primary role of a commercial bank?

a) Issuing currency

b) Lending money

c) Regulating monetary policy

d) Managing government finances

7. The term “debit card” was first used in:

a) 1946

b) 1958

c) 1969

d) 1974

8. The Bank for International Settlements (BIS) was established in:

a) 1929

b) 1944

c) 1947

d) 1956

9. The International Monetary Fund (IMF) was established in:

a) 1934

b) 1944

c) 1952

d) 1963

10. Which bank introduced the first credit card?

a) American Express

b) Bank of America

c) Diners Club

d) Mastercard