Black Money Business Jobs : Banking

Discussion in 'Black Money Business Jobs' started by Shikamaru, Sep 30, 2011.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Etymology

    Definition

    The term discount may seem peculiar. Definition is below.

     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    A brief survey on the history of banking

    The first banks were religious temples.
    The first "bankers" were priests.
    Over time the "bankers" became money changers. One who converts currency from form to another.
    The first items of deposits were grains. Over time, such deposits became gold and silver coin of purity and weight.
    And over more time from gold and silver coin to fiat currency.

    Borrowers went from farmers to traders, merchants and then to everyone.

    Banks make their money off contracts and negotiable instruments of both promissory notes and bills of exchange.

    With respect to law banking has its roots in commerce (commercial law) as well as Admiralty/Maritime Law.
     
  3. Each1teach1

    Each1teach1 Well-Known Member MEMBER

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    Here is a great short film about the federal reserve and the history of banking
     
  4. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    The history of centralized banking goes back to 16th century Amsterdam as well as the foundation of the Bank of England.

    Even further back than this is the coining of money as a sovereign prerogative exclusively in the hands of a prince, king, potentate, pope, or emperor.
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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