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 on the international stage, banking institutions became required to fund voyages.Humans have long engaged in borrowing and lending. Indeed, there is certainly evidence that these activities took place as long as 5000 years ago at the very dawn of civilisation. Nevertheless, modern banking systems only emerg

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