3 Answers - Sort by: Date | Rating
Although your question is very vague but i will try to answer. I guess banking scenario has entirely changed since the emergence of internet. Now one need not to go to any branch , 75% of banking process can be done through internet. Moreover usage of ATM machines has created ease of withdrawing money and now even many machines accept money as well and one can also print demand draft as well without any human involvement.
1
0
If you want to know from the start evolution of banks mean changes in banking system from time to time
banks had three ancestors
1-merchants 2-money lenders 3-goldsmiths
merchants used to issue documents use as money for the transaction of goods and services
moneylenders used to get loans from the people
.people used to keep their money with moneylenders who then give the money to business enterprises and get interest
goldsmiths kept gold and silver of people withe them and gave them a slip to use it for the transaction of money then slowly it became a cheque .then goldsmiths realized that a large amount of deposits remain idle so they started giving loan to people and get profit so this initiated the creation of credit money, well this is how banking evolved now it has been modernised
banks had three ancestors
1-merchants 2-money lenders 3-goldsmiths
merchants used to issue documents use as money for the transaction of goods and services
moneylenders used to get loans from the people
.people used to keep their money with moneylenders who then give the money to business enterprises and get interest
goldsmiths kept gold and silver of people withe them and gave them a slip to use it for the transaction of money then slowly it became a cheque .then goldsmiths realized that a large amount of deposits remain idle so they started giving loan to people and get profit so this initiated the creation of credit money, well this is how banking evolved now it has been modernised
0
0
Banks have come a long way from
the ancient world of the temples to gold smiths but their basic business practices
have not changed. Banks issue credit to people who need it, but demand
interest on top of the repayment of the loan.
the ancient world of the temples to gold smiths but their basic business practices
have not changed. Banks issue credit to people who need it, but demand
interest on top of the repayment of the loan.
0
0
- Which Branch Has Sort Code Of 80- 02- 27?
- What Bank/branch Has The Sort Code 40 01 35?
- What Are The Elements Of Banking?
- What Branch Is 83-20-22?
- What Is Acrossed Cheque?
- What Is The Address Of Barclay's Bank Branch 20 38 83?
- What Bank Sort Code Is 40-23-03?
- What Is The Difference Between Traditional Banking And Modern Banking?
- What Is The Disadvantages Of Index Numbers?
- Who Is The President Of Poland And What Si His Name I Also Need To Know What Are The Past And Present Leaders Of Poland? What Is The International Trade Of Poland And Also The Major Resources Of It And Who Is A Famous Inventor Of Poland
- What Is The Sort Code At Alliance & Leicester Abertillery Branch?
- What Are The Disadvantages Of Credit Creation?
- History Of Credit Creation And When They Started?
- How To Write A Letter To Admition For Changing My Son Classe?
- Is There A NatWest Bank Operating In NIGERIA?
- Why Prudential Regulation Is Effective For Banking?
- Can Financial Intermediaries Be Eliminated?
- What Is The Relevance Of Banking To The Nigerian Economy?
- Sort Code 20 28 08 Is Which Branch?
- How Many Central Bank In Word?
- Is Sustainable Banking Same As Ethical Banking?
- What Is The Main Points Of Importance Of Commercial Banks?
- What Bank Is Sort Code 00-00-00?
- Which Bank Has Sort Code 44 21 72?
- What Is Cut Off Point Banking And Finance?
- What Is Evolution Of Banking ?
- What Is The Difference Between E-banking & M-banking?
- What Is Evolution?
- What Is EVOLUTION All About?
- What Is Evolution?
- What Does Evolution Mean?
- Do You Believe In Evolution?
- What Is The Evolution Of The Continents- How Did They Come To Be Where They Are?
- What Is Chemical Evolution?
- What Evidence Of Evolution Is There?
- What Do We Know About Bat Evolution?
- What Is Cosmic Evolution?
- What Is The Evolution Of Production?
- What Started Evolution?
- What Do U Think About Evolution And Christianity?
- What Is The Evolution Of Grovyle?

New Comment - Comments are editable for 5 min.