History of Banking

11. The concept of interest on loans was first practiced in:

a) Ancient Rome

b) Ancient Greece

c) Ancient Egypt

d) Ancient China

12. The World Bank was established in:

a) 1944

b) 1953

c) 1960

d) 1972

13. The Glass-Steagall Act, which separated commercial and investment banking, was introduced in:

a) 1902

b) 1929

c) 1933

d) 1944

14. The concept of a checking account originated in:

a) Ancient Rome

b) Ancient Greece

c) Ancient Egypt

d) Ancient China

15. The Bank of International Settlements (BIS) is headquartered in:

a) London, UK

b) Basel, Switzerland

c) Paris, France

d) New York, USA