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Internet Banking Security

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Written by:

Peter C


Date added:

February 10, 2014








No of pages / words:

4 / 1046


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A system used in Italy where the Lombard Jews had benches in the market-place where they exchanged money and bills. When a banker failed, his bench was broken by the people, and he was called a bankrupt. But the banco word was proved wrong when it was metaphorically described as a heap or mound which is used to represent a type of fund or joint stock formed by the contributions of a group of persons and this derivation is what brings us to the meaning and definition of what a BANK can be...
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It is an organization that studies, deals in, gives and guarantees credit. While the bank receives and pays out large sums of money in the form of deposits, such operations are subordinate to the one great function - that of granting credit. If we view, then, the bank from this standpoint, its purpose is to facilitate the exchange of goods without the use of money...
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