Historical Development
Chapter 5: Chapter 5 · ECONOMICS · EN medium
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The world's first finance - lending bank was The Bank of Venice in . The Ricks Banks of Sweden, which had sprung from a private bank established in is the oldest central bank in the world. It acquired the sole right of note issue in . The Bank of England was founded in . But the fundamentals of the art of banking have been developed by the Bank of England ( ) as the first bank of issues. A large number of central banks were established between and in compliance with the resolution passed
📖 Class 12 Economics English Medium 2024 Edition www.tntextbooks.in · Page 101
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The world's first finance - lending bank was The Bank of Venice in . The Ricks Banks of Sweden, which had sprung from a private bank established in is the oldest central bank in the world. It acquired the sole right of note issue in . The Bank of England was founded in .
But the fundamentals of the art of banking have been developed by the Bank of England ( ) as the first bank of issues. A large number of central banks were established between and in compliance with the resolution passed
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