Since the origin of civilization humankind has been dealing with tools like savings account, budget planner, spending tracker, wealth management, and savings account.

Question

Which ancient civilization practiced early forms of saving and had a system similar to modern-day savings accounts? Is it China Rome Greece or Egypt

Answer 1

The ancient civilization that practiced early forms of saving and had a system similar to modern-day savings accounts was Ancient Egypt. The ancient Egyptians used a system of grain storage facilities where farmers could deposit grain during times of abundance and withdraw it during times of need. This system served as a form of saving and helped to stabilize the economy.