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Questions and Answers
Where can the origins of banking be traced back to?
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?
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?
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?
What significant changes in the banking industry were witnessed in the 20th century?
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What services revolutionized the way people access and manage their finances in recent history?
What services revolutionized the way people access and manage their finances in recent history?
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What is one major aspect of the evolution of banking highlighted in the text?
What is one major aspect of the evolution of banking highlighted in the text?
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