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What city derived its wealth from the wool trade and then expanded into banking?
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How banking is an aid to trade?
banking enables you to buy on a credit card and pay later
Is investment banking part of the Core banking systems?
No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).
What does TI'S mean in banking terms?
Trade Invoice
What is a bank green screen transaction?
There appears to be no green screen in banking transactions. A blue screen in banking is a method of choosing details of trade.
Meaning of trade advance in banking?
advance given for buying and selling things
What was Florence's wealth based on?
It was a major center of wool industry that employed at one point 25,000 people. It also was a major center of trade and banking.
How did renaissance cities gain their wealth?
Italy's location helped its city-states grow wealthy from trade and banking but many of the cities fell under the control of stronger rulers.
What factor contributed most to the growth of trade in new kingdom?
wealth
How did the Minoans develop wealth?
They developed wealth by trade
How the Minoan develop wealth?
They developed wealth by trade
Kingdoms was located in West Africa?
The kingdoms of Ghana, Mali, and Songhay were located in West Africa beginning in the late Middle Ages. They derived their wealth from the Trans-Saharan trade.
Why was the Athenian economy based on trade?
Athens had a very limited farming land area with poor soil, so it had to trade with other areas to get the variety and quality of food and goods it needed. And trading expanded the economy and wealth of the city-state.
How banking is an aid to trade?
banking enables you to buy on a credit card and pay later
What was the scorse of florences wealth and power?
it was trade, banking and fracturing. Forentine traders were found in all sorts of parts of Europe. The medic family were the bankers of the popes. there were also textile workshops and artisanal masters.
Did the Minoans make their wealth from fishing?
They did not get wealth from fishing, but they got it from trade.
Do you think the italian city-states would have been famous centers of wealth and art during the Renaissance without banking?
It is unlikely that the Italian city-states would have been as successful and influential during the Renaissance without the development of banking. Banking allowed for the accumulation and investment of wealth, which in turn facilitated the patronage of art and the financing of trade. Without the ability to securely store and transfer funds, the powerful families and institutions of the city-states would not have been able to finance the art, architecture, and cultural achievements that made them famous. Additionally, banking facilitated international trade, which allowed for the exchange of ideas, goods, and technologies that contributed to the flourishing of the Renaissance.
How are the Phoenicians and the Hittites different?
The Hittites expanded militarily, the Phoenicians expanded through trade.
