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Parusimova N.I. STAGES OF BANKING FORMATI-ON Money have helped to democratize political process, having destroyed the civilization formed on inheritance, settled relations and continuity of posts. They gave birth to a civilization based not on military power, but on commerce and market. (1, p. 47) The occurrence and the circulation of the exchange intermediary - money, having satisfied needs: in general exchange; a general measuring instrument of value; general means of preservation of value, has caused a lot of new needs. In this connection in order to understand a nature of a modern banking it is important to look after its evolution in coordination with a level of economic life of the appropriate period of time.
About this article
Author: Parusimova N.I.
Year: 2004
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Editor-in-chief |
Sergey Aleksandrovich
MIROSHNIKOV |
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