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Because of their many large land holdings across Europe, and their practice of taking local currency, for which a demand note would be given that would be good at any of their castles across Europe, allowing movement of money without the usual risk of robbery while traveling.

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The Knight Templars were known as the bankers of Europe because they developed a sophisticated banking system, which involved issuing letters of credit to pilgrims traveling to the Holy Land. They established networks of financial services, such as money lending and currency exchange, making them influential in medieval finance. This financial power and trust led to their accumulation of wealth and influence across Europe.

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Q: Why were the Knight Templars known as the Bankers of Europe?
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Why were the the knights Templar known as the bankers of Europe?

Because of their many large land holdings across Europe, and their practice of taking local currency, for which a demand note would be given that would be good at any of their castles across Europe, allowing movement of money without the usual risk of robbery while traveling.


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