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Finance
Finance is a field that deals with the study of investments. Which includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty. Finance can also be defined as the science of money management. A key point in finance is the time value of money, which states that purchasing power of one unit of currency can vary over time. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.
A bank is a financial intermediary that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank’s balance sheet. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirementsbased on an international set of capital standards, known as the Basel Accords.
Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In thehistory of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, theBerenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bankis Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.
Albany
Albany is a city in the U.S. state of Georgia, and is the seat of Dougherty County. Located in southwest Georgia,[4] it is the principal city of the Albany, Georgia metropolitan area. The population was 77,434 at the 2010 U.S. Census, making it the eighth-largest city in the state.[1]
The original name of the city was Puddleville.[6] The city’s first postmaster, Joel “Uncle Jack” Parrish, wanted to change the name of the city. It is believed that he saw the name “Philadelphia” on a croaker sack and struck out the first and last four letters to create the present name of Adel.[7]
The Georgia Southern and Florida Railway arrived in Adel in the 1880s. Adel was incorporated as a town in 1889.[8]
On January 22, 2017, a wave of thunderstorms and tornadoes passed through Adel, ultimately killing fourteen. Sunshine Acres, a local mobile home park, experienced severe damage, with over 20 homes destroyed and others damaged; seven residents were killed and an indeterminate number were injured or displaced. [9]