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BANK, THE BANKING SYSTEM - Coggle Diagram
BANK
History
frist bank
Babylon
priests safekeeping saving people
Lombard
brought bank in UK
after centry Lombard
bankrupt
Lombard Street
bank conducted
Goldsmiths
became most important activities
XVII century
famous jewellery
goldsmiths replaced by banks
borrow mony part society lend other
conect who save and who want money
word comes Latin
Bancus
THE BANKING SYSTEM
2 elements
Central Bank
origin
founde pay loand King William III
1694
merchants and landowners
today
Central bank of UK
Main functions
banker government
regulates the issue money
manages reserves gold and silver
rapresent UK international assemblies
Other banck / financial institutions
Commercial banks
provide services for people and businesses
Merchant banks
provide services large organizations or government
Saving bank
purpose to encourage saving
Bulding bank
lend money who buy a home
Internet bank