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ASSIGNMENT Ramanjot
ASSIGNMENT Ramanjot
com
[COMPANY NAME]
Assignmentof
Business studies
TOPIC
SUBMITTE
D TO-
- SUBMITTE
D BY-
BANKI
RAJWINDE RAMANJO
R KAUR T KAUR
NG
CLASS –
ROLL NO.
+1
–
‘COMMER
CE’ 10
WHA
TITL
T IS
E
BAN
K?
A bank is a financial institution that accepts
deposits from the public and creates
credit.Lending activities can be performed either
directly or indirectly through capital markets. Due
to their importance in the financial stability of a
country, banks are highly regulated in most
countries.
Definition of Bank,
“A financial institution that is licensed
to deal with money and its substitutes by
accepting time and demand deposits, making
loans, and investing in securities.”
The history of banking began with the first
prototype banks which were the merchants of
the world, who made grain loans to farmers
and traders who carried goods between cities.
This was around 2000 BC in Assyria, India and
Sumeria. Later, in ancient Greece and during
the Roman Empire, lenders based in temples
made loans, while accepting deposits and
performing the change of money.Banking in its
modern sense evolved in the 14th century in
the prosperous cities of Renaissance Italy but in
many ways was a continuation of ideas and
concepts of credit and lending that had their
roots in the ancient world. In the history of
Brief
histor
y
Of
bank
banking, a
number of
banking
Brief dynasties –
notably, the
histor Medicis, the
y Fuggers, the
Welsers, the
Of
Berenbergs,
and the
bank Rothschilds –
have played
a central role
over many
centuries.
The most
famous
Italian bank
was the
Medici bank,
established
by Giovanni
Medici in
1397. The
HOW TO OPEN SAVING
ACCOUNT IN BANK?