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Why does the development of banking during the Commercial revolution in western Europe significant?
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∙ 6y ago
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Wiki User
∙ 6y ago
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Which revolution led to the concept of banking the creation of guilds and the development of capitalism in Europe?
It was NOT the Industrial Revolution, it was the Commercial Revolution.
What is the main idea of the commercial revolution?
The main idea of the Commercial Revolution was the significant growth in European commerce, trade, and economic activity during the late Middle Ages and early modern period. It brought about changes such as the expansion of global trade networks, the rise of capitalism, and the development of banking systems.
What are the Role of commercial banks in economy development of Afghanistan?
what is banking role in afghanistan economic development
The role of banks in the Nigerian?
the role of commercial banking in the development of nigerian economy
The role of banks in the Nigerian's economy?
the role of commercial banking in the development of nigerian economy
How did the commercial revolution affect trade practices banking and the productions of goods?
Various legal and religious developments in the late Middle Ages allowed for development of the modern banking system at the beginning of the 16th century. Interest was allowed to be charged, and profits generated from holding other people's money.
What were essential elements of Commercial Revolution?
The essential elements of the Commercial Revolution were the expansion of trade and exploration, the development of banking and finance systems, the establishment of colonies and mercantilism, and the growth of capitalism. These elements led to increased economic activity, the rise of merchant classes and capitalism, and the integration of economies on a global scale.
Which revolution in Europe is most closely associated with the rise of capitalism the formation of guilds and the growth of banking systems?
scientific
What is the difference between commercial banking and development banking?
A Commercial bank is a regular bank that provides services like bank accounts, loans and credit cards to regular customers. A development bank is one that provides loans and other financial aids and services to institutions that are involved in development activity like construction, building bridges, industries etc
Is universal banking is also know as commercial banking?
Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
When was Rizal Commercial Banking Corporation created?
Rizal Commercial Banking Corporation was created in 1960.
What is CRE banking?
Commercial Real Estate banking
