The history of banking began when empires needed a way to pay for foreign goods and services with something that could be exchanged without risk 7.1._ This currency, however, needed to be kept in a safe place. So most rich people asked local temples to look after their valuable things. 7.2. Historical records from Greece, Rome and Egypt suggest that temples not only kept the money safe, but also lent it out. They were the financial centres of their cities. That is why they were often attacked during wars. The Romans, who were great administrators, took banking out of the temples. In ancient Rome, there were people who moved around, lending money to people in exchange for goods. 7.3. So they started to operate from a home base. To be careful so that a client did not run away with the money before the transaction ended, they sat with the client on two ends of a long bench, keeping a safe distance. People who did business sitting on long benches were called 'Benchus, which in time became 'Bancho, or 'Banco' and later 'Bank.
A. However, they found it quite dangerous doing business in different locations.
B. Priests and their helpers were both religious and honest, so people trusted them. C. Soon, coins of different sizes and metals were replaced with delicate bills. paper
D. The coins they used could be transported faster than other items, such as 100-kilogram pigs.
E. Eventually, the various monarchs that lived in Europe appreciated banking institutions
A. However, they found it quite dangerous doing business in different locations.
B. Priests and their helpers were both religious and honest, so people trusted them. C. Soon, coins of different sizes and metals were replaced with delicate bills. paper
D. The coins they used could be transported faster than other items, such as 100-kilogram pigs.
E. Eventually, the various monarchs that lived in Europe appreciated banking institutions
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