
With the promise of interest , the Venetian merchants formed a habit of placing their bills with the chamber for safe keepingThis marked the beginning of the banking business of deposit , a common feature of modern banking procedures . It later occurred that credit for money in the chambers was more than money in the filter out , so merchants formed the habit of transferring credit money from the billhook of the payer to the receiver . At the beginning of this method of remuneration was voluntary but later it was a requirement by the law for payment of large sums of money . This was a exclamatory way to the invention of bank notes and circulation which forms one of the pillars of modern banking practices . No other...I f you want to get a full essay, order it on ! our website: BestEssayCheap.com
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