4. Where was the first real bank established in
the world?
(a) France (b) U.S.A. (c) Norway (d) Spain
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Answer:
The oldest continually operating bank in the world is Banca Monte dei Paschi di Siena, which has been operating as a bank in Italy since 1472. It was originally named The Monte di Pieta. The original goal of the bank was to offer charitable loans to the poor.
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