Question

When were merchant banks first established as a service to the public?

1.The Middle Ages
2.The 17th century
3.The 18th century
4.The 19th century

Answer 1

Hello,

The answer is option D (or 4) "The 19th century".

Reason:

In the 19th century merchants made there first banks which was put as a service to the public. Banks were made in order people could keep there money somewhere safe besides there homes. Its not option A because the middle age was mainly about power and knights therefore they keep there money in something called a treasure room. Its not option B because the 17th century was when are country was still developing therefore did not have any banks available to the public. Its also not option C because was when the Great War was which was 1819 so therefore the country was still developing.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit