History of Banks

When did the first banks appear?

• 1000 years ago

• 2000 years ago

• 3000 years ago

• 4000 years ago

Where did the first banks appear?

• Babylon, India, and Suma

• Rome, Greece, and Egypt

• China, Japan, and Korea

• England, France, and Germany

What did the first banks lend to people?

• Money

• Grain

• Gold

• Spices

How did the lenders become rich?

• By giving away money for free

• By receiving more than they lent

• By investing in stocks

• By winning the lottery

What did ancient banks also serve as?

• Hospitals

• Schools

• Safe places to store money

• Restaurants

During which period did Italy become the center of European trade?

• Medieval period

• Renaissance period

• Industrial Revolution

• Modern era

Why did merchants in Pisa have to exchange coins?

• To make a profit

• To confuse people

• To simplify trade

• To increase taxes

What is the main function of banks today?

• To provide entertainment

• To protect money

• To sell products

• To control the government

What did banks mainly lend money for in the past?

• Buying a car

• Going on vacation

• Buying a house

• Starting a business

What is the extra money that borrowers have to pay back called?

• Profit

• Interest

• Tax

• Salary