There is no surviving documented proof of exactly when financial checks came to be part of financial transactionsanks were a part of commercial life in ancient civilizations, but there are no records of any of the types of transactions that they carried outowever the ancient Mesopotamians, Greeks, and the Romans used banka couple of historians have dated the process of using checks at about 350 BCertainly in Medieval Italy the banks played a crucial part in commercial transactionsenice and Genoa were an crucial trading centersistorical research indicated that Marco Polo brought the idea of a check back to Italy from the court of Kublai Khan in 1275rior to that depositors had to appear in person to give instructions for a transactionnce written instructions were acceptable it made a wider number of transactions possibleedieval Tuscan banks began the process of letters of credit and letters of exchange and the by fifteenth hundreds these types of transactions were commo ... [Read More - Forex Strategy Trading]
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