Question

Why were banks created in medieval England?

Answer 1

I have a test, and here are the answers for this question.

A. The new middle class required small loans.

B. People wanted a safe place to store expensive items.

C. The increase in population meant an increase in currency.

D. Merchants needed a place to exchange currency from other countries.

I took the test, and got the answer right. The answer is D. Hope this helps you out, lad! Also, top of the mornin' to ya!

Answer 2

Merchants needed a place to exchange currency from other countries