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Evolution of Banking through History
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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?

    <p>Introduction of electronic banking, ATMs, and online banking</p> Signup and view all the answers

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

    <p>Mobile banking, contactless payments, and digital wallets</p> Signup and view all the answers

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

    <p>Meeting the changing needs of society</p> Signup and view all the answers

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