Modern banking systems as we understand them today just emerged into the 14th century. Find more about this.Humans have long engaged in borrowing and lending. Indeed, there is evidence that these activities took place as long as 5000 years back at the very dawn of civilisation. But, modern banking systems just emerged in the 14th century. The word
What were the first functions of banks in medieval times
Humans have engaged in the practice of borrowing and lending throughout history, dating back to thousands of years to the earliest civilizations.Humans have long engaged in borrowing and lending. Indeed, there is evidence that these activities took place so long as 5000 years back at the very dawn of civilisation. But, modern banking systems just e