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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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