The worlds first modern bank opened during the 14th century in this country

1 answer:

6 0

The worlds first and modern bank opened during the 14th century in Florence, Italy and later many branches were established in other parts of Europe. Even though the banking system became very crucial in the 14th century, the Bardi and Peruzzi families were able to start and establish several branches during this century.

You might be interested in

Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre

worty [1.4K]

Paying your phone bill late and maxing out your credit cards will hurt your credit... So it should be 1 and 3 :)

3 0

2 years ago

Read 2 more answers

Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Conting

Zanzabum

Answer:

D) Sinking fund

Explanation:

A sinking fund is an account established to be used in the settling of debts. The corporate or institution that creates a sinking fund deposits money regularly as a way of saving it for future debt payments. A sinking fund, is in away a savings account that accumulates funds for repaying large and future debts.

Municipal authorities use sinking funds to pay their bond expenses when they mature. The municipal contributes funds in the years leading to the bond's maturity. Sinking funds gives confidence to investors that the municipal will not default on its payments.

8 0

2 years ago

What kind of risks can exist in a business?

andriy [413]

So many! Failing is the main one and losing everything

7 0

2 years ago

Read 2 more answers

Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.

k0ka [10]

Answer:

B. Employees

Explanation:

3 0

2 years ago

Read 2 more answers

Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain

victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

6 0

2 years ago