During the middle ages,banks encountered religious opposition because:
A)loans to the poor often carried high interest rates.
B)loans and deposits were primarily for wealthy customers.
C)the Industrial Revolution demanded new methods of making payments and obtaining credit.
D)savings and wealth were lost due to war,theft,and expropriation by governments.
E)All of the options are correct.

Question

Quizplus · Accepted Answer

During the Middle Ages, charging interest on loans was considered usury and was against Christian teachings. Banks were seen as exploitative institutions, especially when they charged high interest rates on loans to the poor. This religious opposition often made it difficult for banks to operate and gain acceptance in society.

During the Middle Ages,banks Encountered Religious Opposition Because