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Which 1907 U.S. financial crisis exposed the need for a central bank before the Federal Reserve was created?
Answer
Panic of 1907
Which bank, founded in 1784, is regarded as the oldest bank in the United States?
Answer
Bank of New York
Which institution created the first widely used electronic interbank funds-transfer network, launched as Fedwire in 1918?
Answer
Federal Reserve System
Which institution issued the first successful government-backed paper currency in the American colonies in 1690?
Answer
Massachusetts Bay Colony
Which British law temporarily restricted the Bank of England from redeeming banknotes for gold in 1797?
Answer
Bank Restriction Act
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Which bank, founded in 1784, is regarded as the oldest bank in the United States?
Answer
Bank of New York
Which institution issued the first successful government-backed paper currency in the American colonies in 1690?
Answer
Massachusetts Bay Colony
Which British law temporarily restricted the Bank of England from redeeming banknotes for gold in 1797?
Answer
Bank Restriction Act
Which bank was founded in 1609 as Amsterdam’s municipal exchange bank?
Answer
Amsterdamsche Wisselbank
Which U.S. bank opened the first dedicated credit-card operation in 1958?
Answer
Bank of America
Which Scottish bank, founded in 1695, is Scotland’s oldest surviving bank?
Answer
Bank of Scotland
Which French bank was established by Napoleon in 1800 to stabilize France’s banking system?
Answer
Banque de France
Which bank failure in 2008 became the largest bankruptcy in U.S. history at that time?
Answer
Lehman Brothers
Which Italian bank, founded in 1407, became famous as a major financial institution of the Republic of Genoa?
Answer
Banco di San Giorgio