COST by ravi_090393ru40


									           Forms of banking -
1) Mesopotamia:- there are records of loans made by
   temple priests/monks to merchants.

2) Egypt:- In Egypt, from early times, grain had been
   used as a form of money in addition to precious
   metals, and state granaries functioned as banks.

3) India:-In ancient India during the Maurya dynasty
   (321 to 185 BC).an instrument called adesha was in
   use, which was an order on a banker.
4)China:- In ancient China starting in the Qin Dynasty (221 to 206 BC).The Chinese
    currency developed with the introduction of standardized coins which allowed the much
    easier trade across China and led to the development of letters of credit.

5) Greece:-                 Ancient Greece holds further evidence of banking. Greek
    temples, as well as private and civic entities, conducted financial transactions such as
    loans, deposits, currency exchange, and validation of coinage.

6) Rome:- In Ancient Rome moneylenders would set up their stalls in the middle
    of enclosed courtyards called macella on a long bench called a bancu, from which the
    words banco and bank are derived.

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