Credit-Based Banking First Developed in the Mediterranean Through the Italian

question 54

True/False

Credit-based banking first developed in the Mediterranean through the Italian city states such as Florence.

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Definitions:

Les Très Riches Heures

A highly ornate Gothic illuminated manuscript known as one of the most important examples of International Gothic art, created by the Limbourg brothers in the early 15th century.

Manuscripts

Handwritten documents or texts, especially those of historical, literary, or religious significance, before the invention of printing.

Panel Paintings

Artistic works created on a flat panel made of wood, canvas, or other durable material, often used for depicting religious scenes or portraits from the Middle Ages onwards.

Painters' Guild

An association of artists, particularly painters, in a particular town or city, organized during the medieval and Renaissance periods for mutual support and the regulation of their craft.