ANALYSING TRANSFORMATIONS IN THE BANKING SYSTEM IN THE PAST

Analysing transformations in the banking system in the past

As trade grew on a large scale, specially at the international level, banking institutions became necessary to fund voyages.Humans have actually long engaged in borrowing and lending. Indeed, there clearly was evidence that these activities occurred so long as 5000 years ago at the very dawn of civilisation. However, modern banking systems just eme

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