Despite being widely accepted and commonly spoken about, it remains shrouded in mystery. Humans interact with money daily, yet know so little about it.
While we may differ on our perception of money and the value we place on it, there are three universal truths about it:Money constantly moves. Whether you save it in a bank or hide it under your bed, the value of money changes over time. In finance and economics parlance, we express changes in the value of money using concepts such as inflation, NPV, IRR, etc.The very construct of money and our insatiable nature as humans means there is always an intrinsic urge to make more of it.
The fulfilment of the above needs and the opportunities they represent is what led to the emergence and evolution of institutions we now know as banks.
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