In which of the following countries the business of banking started first ?
A
England
B
Italy
C
Germany
D
France
Correct Answer: Italy
Development of banking spread from northern Italy throughout the Holy Roman Empire, and in the 15th and 16th century to northern Europe. This was followed by a number of important innovations that took place in Amsterdam during the Dutch Republic in the 17th century, and in London since the 18th century.