
It took almost 2500 years to develop a system of curiosity, mint coins, usher in theories of curiosity and inflation. The earliest historic proof is from the year 3000 BC We see that Banking originated in Babylonian empire where in Temples and palaces had been used as secure places for the storage of valuables. Initially, the valuable that can be deposited was solely grain, but later cattle and treasured materials are additionally included. Almost during the same time interval, in the Sumerian city Uruk in Mesopotamia trade was supported by lending. In Greece and Egypt the words used for interest …



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