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Evolution of Banking through History

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Questions and Answers

Where can the origins of banking be traced back to?

The 20th century

The Middle Ages

Ancient Egypt and Mesopotamia (correct)

Medieval Europe

During which period did Italian merchant banks emerge?

Ancient Egypt

The 20th century

The Middle Ages (correct)

Mesopotamia

What was the role of temples in ancient civilizations related to banking?

They were not involved in any financial activities

They served as the first banks, storing valuable goods and providing loans to merchants (correct)

They were places of worship only

They were used primarily for political meetings

What significant changes in the banking industry were witnessed in the 20th century?

Introduction of electronic banking, ATMs, and online banking Signup and view all the answers

What services revolutionized the way people access and manage their finances in recent history?

Mobile banking, contactless payments, and digital wallets Signup and view all the answers

What is one major aspect of the evolution of banking highlighted in the text?

Meeting the changing needs of society Signup and view all the answers

Evolution of Banking through History

Choose a study mode

Podcast

Questions and Answers

Where can the origins of banking be traced back to?

During which period did Italian merchant banks emerge?

What was the role of temples in ancient civilizations related to banking?

What significant changes in the banking industry were witnessed in the 20th century?

What services revolutionized the way people access and manage their finances in recent history?

What is one major aspect of the evolution of banking highlighted in the text?

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