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 cusss and banking activities The beginnings of banking activities First banks Structure of the banking sector 3.1. The underlying bank 3.2. accessory banks 3.3. linguistic universal banks 3.4 enthronisation funds banks 3.5. Private banks 4. Functions of a modern bank 5. Conclusion 6. Bibliography Introduction In all(prenominal) fair-oriented economy there be galore(postnominal) economic subjects who belong to whiz of the two following sectors: the ethnic music sector or the enterprisingness sector.

All these subjects ( individuals, families or enterprises ) withstand a certain income, and in any case carry out a certain level of outlay of that income. Depending on the level of spending, the subjects in the fair-economy can achieve all a pecuniary excess ( if the income is greater than the spending ), or a monetary paucity ( when the spending is greater than the income ). The use of the monetary system, especially the banking system, is to furnish mechanisms for unobstructed and efficient circulation and apportionment of the savings that belong to the subjects with pecuniary surplus to the subjects with financial deficit. The fundamental elements in this role be the institutions accreditn as banks. Basically, banks are autonomous financial institutions that provide various financial services machine-accessible with capital to the economic subjects, and take neighborhood in the human tend of new money with the method acting of partial reserves. In this work, I will amaze a brief write up 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 too describe the basic aspects of bank activities and functions. History of banks and... If you demand to get a just essay, revisal it on our website: Orderessay

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