History of banking

Banking is a way of taking care of money. People have been doing it for a long time. In the old days, people kept their money in a safe place and when they wanted to buy something, they would take it out and trade it for what they wanted. It was slow and not very convenient.

Over time, people started to learn that it was easier to just give someone else money instead of trading goods for goods. So, banks were formed. Banks are a trusted place where people can put their money and get it back whenever they need it. They started off as basic offices where people could go and keep their money safe and receive it when they needed it.

Today, banks do a lot more than just keep money safe. They have also become places where people can borrow money, invest their money, or get advice on financial matters. They also help people move money from one place to another. In short, banks are an important part of everyday life and they have been around for centuries.