As trade expanded on a large scale, particularly on the international stage, banking institutions became required to fund voyages.Humans have long engaged in borrowing and lending. Indeed, there is evidence that these activities took place as long as 5000 years ago at the very dawn of civilisation. Nevertheless, modern banking systems only emerged
What had been the initial functions of banks in ancient times
Modern banking systems as we understand them today just emerged within the 14th century. Find more about this.Humans have actually long engaged in borrowing and financing. Certainly, there is evidence that these activities occurred so long as 5000 years back at the very dawn of civilisation. Nonetheless, modern banking systems just emerged into the