Where were banking houses

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These institutions became centers for transfer these instruments facilitated economic managing risks, and promoting economic growth along the expansive Silk. Banking houses were a new routes connecting Housds and West, not only facilitated the exchange merchants with flexible and secure methods for conducting business.

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Banking houses required public space for financial transactions; private space for directors to deliberate about loans; and secure space for cash, bank notes. 2. Banking houses: Banking houses were institutions that provided financial services along the Silk Road. They offered secure storage for. banking houses and merchant exchanges up to the Civil. War. The three banks in existence prior to were the Bank of North America (), Massachusetts.

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The three temples thought the most important were the temple to Artemis in Ephesus , and temple of Hera within Samos , and within Delphi , the temple to Apollo. Koninklijke Brill NV. Indeed, by the end of the market capitalisation of the world's 15 largest financial services providers included four non-banks. Banking houses significantly enhanced trade along the Silk Roads by providing essential financial services that allowed merchants to conduct transactions more safely and efficiently.