Wednesday, September 9, 2009

Evolution/Origin of Banking

Banking

mankind has always been seeking security and protection.This need has led him to scientific and tecological development on one hand and banking development on the other.

In modern times the banking has become so necessary that if is excluded from any economic system the whole business and economic world will collapse like house of cards

In this banking development the services of three groups of persons cannot be ignored

1.Money Lender

2.Merchants

3. Glod smiths

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