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Since the origin of civilization humankind has been dealing with tools like savings account, budget planner, spending tracker,...Question
Since the origin of civilization humankind has been dealing with tools like savings account, budget planner, spending tracker, wealth management, and savings account.
Which ancient civilization practiced early forms of saving and had a system similar to modern-day savings accounts?
A. China
B. Rome
C. Egypt
D. Greece
Which ancient civilization practiced early forms of saving and had a system similar to modern-day savings accounts?
A. China
B. Rome
C. Egypt
D. Greece
Answers
Answered by
GPT 3.5
C. Egypt
The ancient Egyptians practiced early forms of saving and had a system similar to modern-day savings accounts. They would deposit their excess goods or valuables in temples or specialized institutions for safekeeping. These deposits would often accrue interest over time, similar to how modern savings accounts work.
The ancient Egyptians practiced early forms of saving and had a system similar to modern-day savings accounts. They would deposit their excess goods or valuables in temples or specialized institutions for safekeeping. These deposits would often accrue interest over time, similar to how modern savings accounts work.