Bank: Difference between revisions
Pestergaines (talk | contribs) Created initial stub for Bank, more would be nice. |
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==History of Banking== | ==History of Banking== | ||
The first banks were probably the religious temples of the ancient world. | |||
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In the early history of banking there were banks whose only operation consisted in issuing money-certificates, in effect warehouses of money.<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/chap17sec12.asp "12. The Limitation on the Issuance of Fiduciary Media"], ''Chapter XVII. Indirect exchange'', [[Wikipedia:Human Action|Human Action]] online edition, referenced 2009-06-05.</ref> | |||
<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/ | |||
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{{See also|History of money and banking in the US}} | {{See also|History of money and banking in the US}} | ||
Revision as of 21:22, 5 June 2009
A bank is a financial institution, that keeps current accounts for its customers. Banking includes, but is not limited to activities as:
- issue of banknotes
- settlement of payments
- lending money
- currency exchange
History of Banking
The first banks were probably the religious temples of the ancient world.
See also: History of money and banking in the US
See also
- History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard
- A Short History of Paper Money and Banking by William M. Gouge
- Free Banking: Theory, History and a Laissez-Faire Model (pdf) by Larry J. Sechrest
- Wikipedia on banks