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Tag Archives: Money

History of Money

One of the key components of modern banking is the introduction of paper money, which emerged in Europe in 17th century, and Sweden was again the first country where it made its debut. Paris followed Sweden in issuing paper currency ... Read More »

Virtual Lives for Real Money

Developed countries of the west have always been known for their extremely high levels of mass consumerism. The consumption of an average household in the US was approximately $50000 USD. And this figure increases every year. People of these countries ... Read More »

Evolution of Banks – I

Banks, it is a belief evolved out of the religious temples of the ancient times, and their first appearance came into being around 3rd century B.C. Therefore banks came into vogue even before money came into circulation. As a matter ... Read More »

Process of bank operations

What is the process through which system of banking operates? Banking is based on the basic maxim of trust.  We have this faith in the banks that when we need our money deposited in the bank, bank would pay the ... Read More »

Working of the banks

Bank going by its definition in strict sense of terms is an entity on which you can have faith. This is precisely the maxim under which the banks operate. The functioning of the bank is derived from the trust that ... Read More »

Origin of money

Most of us believe money originates from the Mint (the government authority which prints the notes and mints the coins) however it is partially correct that the Mints are the sole production units of money. History of money: Money making ... Read More »

Taller men ‘make more money’

Washington, July 13 (ANI): Taller men are able to earn more money than their shorter counterparts, according to a study. The study suggests that taller people make more money simply because they are perceived to be more intelligent and powerful. ... Read More »

Thief returns cash after feeling guilty!

Melbourne, May 28 (ANI): A thief feeling guilty after stealing more than 10,000 dollars from a butcher returned most of the money a week later. Mark Bollinghaus, owner of Albury-Wodonga Haus of Meat chain of stores, said he was stunned ... Read More »