SSC
WORLD HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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European ____ were institutions that loaned money for merchants.
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Banking Houses
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Coffee Houses
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Insurance Houses
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Business Loans
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Explanation:
Detailed explanation-1: -In the 1290’s, the Bardi and Peruzzi families had established branches in England and were the main European bankers by the 1320’s.
Detailed explanation-2: -Luxembourg is the leading private banking centre in the Eurozone and the largest captive reinsurance centre in Europe. 143 banks from 28 countries are established in Luxembourg.
Detailed explanation-3: -Modern banking has its auspicious beginnings in the early to mid Middle Ages. Primitive banking transactions existed before, but until the economic revival of the thirteenth century they were limited in scope and occurrence.
There is 1 question to complete.