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 banks and banking activities The beginnings of banking activities First banks Structure of the banking sector 3.1. The interchange bank 3.2. mercenary banks 3.3. Universal banks 3.4 investment funds banks 3.5. surreptitious banks 4. Functions of a modern bank 5. Conclusion 6. Bibliography Introduction In every fair-oriented economy there be galore(postnominal) economic subjects who operate to one of the two following sectors: the tribe sector or the enterprise sector.

All these subjects ( individuals, families or enterprises ) admit a trustworthy income, and also carry out a certain direct of disbursal of that income. Depending on the level of spending, the subjects in the fair-economy can chance upon either a pecuniary superfluity ( if the income is great than the spending ), or a monetary dearth ( when the spending is greater than the income ). The role of the financial system, especially the banking system, is to generate mechanisms for unobstructed and effective circulation and allocation of the savings that belong to the subjects with financial surplus to the subjects with financial deficit. The key elements in this role atomic number 18 the institutions accreditn as banks. Basically, banks are autonomous financial institutions that provide various financial function machine-accessible with money to the econo! mic subjects, and take part in the human race of new money with the method of uncomplete reserves. In this work, I will present a design account statement of the early banking activities and the path they had opened for the forming of the low banks as we know them now, the rules for classification of the banks and also describe the canonical aspects of bank activities and functions. History of banks and... If you want to get a abundant essay, revisal it on our website: BestEssayCheap.com

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