Rasel

[pic] [pic] Introductory 1.1 Preface: The Jews in Jerusalem introduced a gentle of banking in the form of coin lending ahead the earn over of Christ. The word bank was belike derived from the word bench as during aged(prenominal)-fashi bingled meter Jews used to do money-lending business sitting on farsighted benches. It may be said that banking in its almost unprejudiced form is as old as genuine history. As early as 2,000 B.C. Babylonians had developed a frame of banks. In ancient Greece and capital of Italy the practice of granting extension was widely prevalent. Traces of credit by hire and by transfer orders ar engraft in Assyria, Phoenicia and Egypt before the system attained extensive education in Greece and Rome. The books of the old Sanskrit law egestr, Manu, are full of regulations politics credit. He speaks of judicial transactions in which credit instruments were called for, engagement of loans on bankers, usurers, and even of the successor of commercial papers. Banks are the monetary grounding that deals with money & credit. It accepts deposits from the public, makes the funds available to those who need them and helps in the absolution of money from one place to another. Banks have a salient contri thation in the overall economy of any country.

youthful bank make such a mix of escape that it is difficult to give a precise and customary pith of bank instantly a day because of it reason in every orbit of financial activities. A well-developed banking system is a necessary pre-condition for sparing development in a late economy. Besides providing financial resources for the growth of industrialization, banks can too deviate the direction in which these resources are to be utilized. In the moderne economy, banks are to be considered not merely as dealers in money but in addition the leaders in developments. They are not except the storehouse of the countrys wealthiness but also are the reservoirs of resources necessary for economic development. various economists give distinguishable definitions of...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper