History & Evolution of Banking Quiz

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History & Evolution of Banking: a General level Bank Exam Prep quiz. Test your knowledge with 15 questions!
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Questions

Question 1
What was the earliest form of banking?
A Digital wallets
B Stock markets
C Grain storage and lending
D Credit cards
Question 2
What did early goldsmiths issue that became paper money?
A Membership cards
B Tax stamps
C Receipts for gold
D Digital codes
Question 3
The modern banking system relies on what?
A Trust
B Gold bars only
C Direct trade
D Physical barter
Question 4
Which invention changed banking in the 20th century?
A The steam engine
B The printing press
C The ATM
D The compass
Question 5
What is the primary function of a commercial bank?
A Building roads
B Taking deposits
C Printing coins
D Writing laws

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