A History of Banking: Checkpoint 1

Quick checkpoint - five questions on early banking, Rome, the Templars, the Medici and Amsterdam.

Question 1 of 5 Who lent grain and silver in ancient Mesopotamia?

Temples and palaces Modern banks Railways Nobody

Hammurabi's code regulated lending.

Question 2 of 5 Where does the word "bank" come from?

The bench or table where money-changers worked A river bank A Roman god A coin

From Italian banco.

Question 3 of 5 What service did the Knights Templar offer pilgrims?

Deposit in Europe, withdraw in Jerusalem Free travel Insurance Stock trading

An early letter of credit.

Question 4 of 5 What innovation did the Medici use?

Bills of exchange and double-entry bookkeeping Credit cards Paper money printing Online banking

They also had many branches.

Question 5 of 5 What did the Bank of Amsterdam create?

Stable bank money for trade The first coins Cryptocurrency Mortgages

It was founded in 1609.

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