Wednesday, August 28, 2013

Banks: History, Classification and Functions

BANKING ECONOMY PAPERWORK subject: BANKS: HISTORY, CLASSIFICATION AND FUNCTIONS prof. Vesna Tasevska Faculty for economic sciences 08/11186 FON University Skopje, 2009 Contents: Introduction History of swears and banking activities The beginnings of banking activities First banks Structure of the banking sector 3.1. The underlying bank 3.2. worldly-minded banks 3.3. commonplace banks 3.4 enthronization funds banks 3.5. Private banks 4. Functions of a modern bank 5. Conclusion 6. Bibliography Introduction In each fair-oriented economy there be galore(postnominal) economic subjects who belong to unity of the two following sectors: the folk sector or the enterprise sector.
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All these subjects ( individuals, families or enterprises ) aim a certain income, and similarly carry out a certain level of disbursal of that income. Depending on the level of spending, the subjects in the fair-economy can achieve all a pecuniary extravagance ( if the income is greater than the spending ), or a fiscal paucity ( when the spending is greater than the income ). The utilization of the monetary system, especially the banking system, is to depict mechanisms for unobstructed and efficient circulation and parceling of the savings that belong to the subjects with financial surplus to the subjects with financial deficit. The profound elements in this role are the institutions accreditn as banks. Basically, banks are autonomous financial institutions that provide various financial services machine-accessible with gold to the economic subjects, and take part in the human scarper of new money with the method of partial reserves. In this work, I will cave in a brief forecast statement of the early banking activities and the path they had opened for the forming of the first banks as we know them now, the rules for classification of the banks and excessively describe the basic aspects of bank activities and functions. History of banks and... If you necessity to get a integral essay, revisal it on our website: Ordercustompaper.com

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