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3 votes
Why were banks created in medieval England?

User Deep Shah
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2 Answers

4 votes

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!

User Liezel
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8.2k points
7 votes
merchants needed a place to exchange currency from other countries
User Inaz
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7.9k points