Banking started with the bank of merchants of ancient world. They used to give loan to farmers for their fields and trades. Traders used to take long and short term loan to increase business goods between two cities. Modern banking practices, fractional reserve banking and the issue of banknotes.Merchants started to store their gold with the goldsmiths of Landon, who gave them private vaults. Fir this people give them fee for those vaults.Different countries have different definition of … [Read more...] about Types of Banking Products and Services – Top & Best