Question

discuss the importance of bankers and money lenders in medieval period.
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Answer 1

Answer:

With the increased economic activity of the Middle Ages, there was a growing need for money exchange and the conversion of coins. Money changers were soon holding and transferring large sums of money and extending loans to merchants. As the demand increased, so did the number of services. Common financial activities came to include granting loans, investing, as well as most of the deposit, credit and transfer functions of a modern bank.

Explanation: