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Banking by nanadada is a document available to read on EtoBox.

The document discusses the origins of banking. It states that: 1) Banking systems in ancient Mesopotamia and Egypt grew out of providing storage facilities for commodities like grain. Receipts were used to facilitate transfers of goods to third parties. 2) Both societies developed systems where written orders could be used to withdraw stored goods or pay debts, serving as early forms of currency and reducing the need for precious metals in transactions. 3) The passage suggests that banking can take pla

Author

nanadada

Language

EN