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The history of banking dates back to around 2000 BCE with early grain loans in ancient civilizations like Assyria and Sumer, evolving through ancient Greece and Rome where temples served as banks. The modern banking system has roots in medieval Italy, particularly in cities like Florence and Venice, and has undergone significant changes due to technological advancements and regulatory challenges, notably after the 2008 financial crisis. Banking practices have been documented across various ancient cultures,

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jvirubha1906

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EN