Right here are a handful of fun facts about being a banker you might want to learn

Banking systems are an invaluable factor of the world’s economy. Go on browsing to find out the reason why.

Money and banks go in conjunction. You will find that money facts and trivia is much more exciting than you would expect. But first, let’s comprehend what money actually is. Money in itself is not everything, it is simply a standardised unit to measure the value of any service or given good. Money does not have an intrinsic value, and is just valuable if everybody else consents to its value. Money has been around for a minimum of three thousand years. This was a time before any systematic written records began which makes it hard for us to evaluate the history of advancement of monetary systems. Presently, this job is done mainly by banks such as La Caixa and BEA. Before the creation of money, the barter systems was prevailing in evaluating the value of goods and services. If you were a farmer that required their roof thatched, a thatcher may require specific quantity of vegetables or grain. This is very similar to how money functions, except for in a barter system there was no established value for everything and you would normally figure out how much and what would be exchanged. By using a standardised unit, like pound sterling or American dollars, we have the advantage of speed in any sort of financial transaction, which is probably among the most indispensable facts about currency.

When thinking of banks, Switzerland is perhaps the country most connected with this form of service. This small country in the Alps is present day house to a few of the world’s leading banks like UBS and Credit Suisse. The history of this country is full of fun banking facts. For example, did you are aware of that the national bank of Switzerland is not genuinely owned by the government? Central banks are generally owned by the government they are located in, but in the case of Switzerland they are owned by the different Swiss cantons, cantonal banks, and private individuals and businesses.

Banks have existed, in one way or another, for practically as long as money itself. The oldest banks in all likelihood emerged because governments needed a place to store the tax they raised in the form of coins – a small world currency trivia. Temples in Ancient Egypt, Rome, Babylon and Greece were the very 1st places to store the money of governments and individuals. Temples made for protected places, since they were occupied by men and women like priests and temple workers who were there 24 hours a day, and were generally thought of as honest. Slowly, these temples started offering some other monetary services such as giving out loans, which led to the growth of dedicated financial establishments, known nowadays as banks. Currently we can find instances of many different banks, like the European Central Bank or the Bank of England, offering a number of financial solutions both to individuals and governments.

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