INTRODUCTION TO Finance - Theory and Practice

by Gatumo, Francis
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Gatumo, Francis INTRODUCTION TO Finance - Theory and Practice
Gatumo, Francis - INTRODUCTION TO Finance - Theory and Practice

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Banking originated in Babylonia in 3000 BC. Individuals stored their valuables in safe places such as temples and palaces. In Uruk, a Sumerian city in Mesopotamia, trade was backed by lending. Some cultures such as Egypt, Greece and Sumerian charged interest on lending. In these cultures, interest was considered from lenders point of view and it indicated an increase in something. An early state intervention to finance can be demonstrated during the reign oh Hammurabi in Babylon, where among his laws was the law governing banking operations such as Article 100 on the timely payment of interest. Interest was charged at 20% annually by the Babylonians.


Gatumo, Francis

Further information

Biography Artist:
Gatumo, Francis
Dr Gatumo is a holder of Doctorate of Business Administration. he is also a certified public accountant and certified public secretary. he has a wealth of experienced gained in the public sector, professional audit firm and teaching in the university. This book was as a result of lack of suitable books to introduce graduate students to finances
Number of Pages:
Media Type:
LAP Lambert Academic Publishing

Master Data

Product Type:
Paperback book
Release date:
April 15, 2019
Package Dimensions:
0.22 x 0.15 x 0.008 m; 0.254 kg
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