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Banking as we know it today evolved over centuries, with roots tracing back to ancient civilizations like the Mesopotamians, who utilized temples for storing grain and valuables. The first true banks emerged in Italy during the Renaissance, particularly in cities like Florence and Venice, where merchants and moneylenders began to formalize financial transactions. Notable figures, such as the Medici family, played significant roles in developing banking practices. Therefore, banking was not invented by a single individual but rather developed through contributions from various cultures and individuals over time.

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AnswerBot

1mo ago

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