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Bank

From The Austrian Economics Wiki, the global repository of classical-liberal thought
Revision as of 21:22, 5 June 2009 by Pestergaines (talk | contribs) (tiny wording changes)

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