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The essay explores the historical significance of banking and its evolution alongside the development of money as a medium of exchange. It highlights how banking transactions existed before the invention of money, tracing back to ancient agrarian societies where the iron-age innovations in agriculture facilitated trade. The work delves into the intricate relationship between banking practices and the economy, emphasizing the foundational role of these early exchanges in shaping modern financial systems.
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Islamic and Western Banking Paradigms, Caroline Mutuku
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- 2018
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