Question

Conclusion for my project on
banking

Answer 1

Answer:

because of above reason the banking facilities are good and friendly to nature

Answer 2

With the exception of the extremely wealthy, very few people buy their homes in all-cash transactions. Most of us need a mortgage, or some form of credit, to make such a large purchase. In fact, many people use credit in the form of credit cards to pay for everyday items.The world as we know it wouldn't run smoothly without credit—or without banks to issue credit.
Divine Deposits

Banks have been around since the first currencies were minted — perhaps even before that, in some form or another. Currency, particularly the use of coins, grew out of taxation.

In the early days of ancient empires, a tax of one healthy pig per year might be reasonable, but as empires expanded, this type of payment became less desirable. Additionally, empires began to need a way to pay for foreign goods and services, with something that could be exchanged more easily. Coins of varying sizes and metal served in the place of fragile, impermanent paper bills.

Flipping a Coin

These coins, however, needed to be kept in a safe place. Ancient homes didn't have the benefit of a steel safe, therefore, most wealthy people held accounts at their temples. Numerous people, like priests or temple workers whom one hoped, were both devout and honest, always occupied the temples, adding a sense of security.

There are records from Greece, Rome, Egypt, and Ancient Babylon that suggest temples loaned money out, in addition to keeping it safe. The fact that most temples were also the financial centers of their cities is the major reason that they were ransacked during wars.

Coins could be hoarded more easily than other commodities, such as 300-pound pigs, so there emerged a class of wealthy merchants that took to lending these coins, with interest, to people in need. Temples generally handled large loans, as well as loans to various sovereigns, and these new money lenders took up the rest.
The First Bank

The Romans, great builders, and administrators in their own right took banking out of the temples and formalized it within distinct buildings. During this time, moneylenders still profited, as loan sharks do today, but most legitimate commerce—and almost all governmental spending—involved the use of an institutional bank.

Julius Caesar, in one of the edicts changing Roman law after his takeover, gives the first example of allowing bankers to confiscate land in lieu of loan payments. This was a monumental shift of power in the relationship of creditor and debtor, as landed noblemen were untouchable through most of history, passing debts off to descendants until either the creditor's or debtor's lineage died out.

The Roman Empire eventually crumbled, but some of its banking institutions lived on in the form of the papal bankers that emerged in the Holy Roman Empire, and with the Knights Templar during the Crusades. Small-time moneylenders that competed with the church were often denounced for usury.