The Problem Of A Firm s Financial - consider
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Finance is a term for matters regarding the management, creation, and study of money and investments. Given its wide scope, finance is studied in several academic disciplines, and, correspondingly, there are several related professional qualifications that can lead to the field.
Though its principles are much older, Te field of finance's founding and progress coincides with the start and evolution of civilization at large.
We see continuous reformation and innovation in Finance throughout history. The earliest historical evidence is from the year BC We see that Banking originated in Babylonian empire where in Temples and palaces were used as safe places for the storage of valuables.
MASCULINE LANGUAGE
Initially, the valuable that can be deposited was only grain, but later cattle and precious materials are also included. Almost during the same time period, in the Sumerian city Uruk in Mesopotamia trade was supported by lending. The usage of interest as well was found to be used.
In these cultures interest indicates an increase in something. They seem to consider it from lenders point of view. The famous Code of Hammurabi includes laws governing banking operations.
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The Babylonians, were accustomed to charge interest at the rate of 20 per cent per annum. In the Biblical world point of view within the Jewish Civilisation BCJews Proglem not allowed to take interest from other Jews, but they were allowed to take interest from the gentiles, as we see in the scriptures writings such as:. You shall not click here upon interest to your brother, interest on money, interest on victuals [foodstuff] interest on anything that is lent for interest. The reason for the non-prohibition of the receipt by a Jew of interest from a Gentile, and vice versa, is held by modern rabbis to lay in the fact that the Gentiles had at that time no law forbidding them to practice usury; and that as they took interest from Jews, the Torah considered it equitable that Jews should take interest from Gentiles.
In Hebrew, interest is neshek.]
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