Which ancient civilization practiced early forms of saving
Subject : History
Question: Which ancient civilization practiced early forms of saving and had a system similar to modern-day savings accounts?
A) Roman Empire
B) Ancient Greece
C) Mesopotamia
D) Ancient Egypt
Expert Verified Solution:
The correct answer is:
c. Mesopotamia
In ancient Mesopotamia, particularly in Sumerian and Babylonian cultures, there were early forms of banking systems. These included practices like storing valuables, such as grain or precious metals, in temple or palace storage facilities, which acted similarly to modern-day savings accounts. These institutions provided a form of security and record-keeping for deposits, and in some cases, they engaged in lending activities.
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