Banks were first started in the world in
A
Italy
B
Greece
C
USA
D
UK
Correct Answer: Italy
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472. Development of banking spread from northern Italy throughout the Holy Roman Empire, and in the 15th and 16th century to northern Europe.