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Banking History Essentials

Banking History

Test your general knowledge on key historical milestones, inventions, and institutions in global banking history.

banking history economics finance

10 Questions Easy Ages 5+ Sep 25, 2026

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About this Study Set

This study set covers Banking History through 10 practice questions. Test your general knowledge on key historical milestones, inventions, and institutions in global banking history. Every question includes the correct answer so you can learn as you go — pick any format above to get started.

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Browse all 10 questions from the Banking History Essentials study set below. Each question shows the correct answer — select a study format above to practice interactively.

1 Which bank, founded in Italy in 1472, is recognized as the world's oldest surviving bank still operating today?

A Bank of England
B Banca Monte dei Paschi di Siena
C Deutsche Bank
D Bank of America

2 In which ancient region did people first use temples as safe depositories for grain and wealth?

A Ancient Mesopotamia
B Mesoamerica
C Viking Scandinavia
D Colonial North America

3 Paper money was first created and issued during the Song Dynasty in which country?

A Japan
B China
C India
D Egypt

4 Which country's central bank, Sveriges Riksbank (founded in 1668), is considered the world's oldest central bank?

A Sweden
B Germany
C France
D United Kingdom

5 The English word "bank" originates from the Italian word "banca", which originally referred to what object?

A A strongbox
B A bench or counter
C A stone wall
D A gold coin

6 Where was the world's first automated teller machine (ATM) installed by Barclays Bank in 1967?

A New York
B Tokyo
C London
D Sydney

7 What central bank of the United States was created by an act of Congress in 1913?

A Bank of America
B Federal Reserve System
C Treasury Reserve
D US National Bank

8 Founded in 1817, what was Australia's very first bank, which later became Westpac?

A Commonwealth Bank
B Bank of New South Wales
C Reserve Bank of Australia
D National Australia Bank

9 Which Renaissance family built a famous banking empire headquartered in Florence, Italy?

A House of Borgia
B Medici family
C Romanov family
D Tudor family

10 Which ancient kingdom in modern-day Turkey is widely credited with minting the first official metallic coins?

A Lydia
B Sparta
C Assyria
D Carthage

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