Numismatics portal. A banknote often known as a bill in the US and Canada , paper money , or simply a note is a type of negotiable promissory note , made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender usually gold or silver coin when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. National banknotes are often — but not always — legal tender , meaning that courts of law are required to recognize them as satisfactory payment of money debts. This practice of "backing" notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver.
American First National Bank
Firstrust Bank | Philly's Hometown Bank
The history banking began with the first prototype banks which were the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. Later, in ancient Greece and during the Roman Empire , lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending. Many histories position the crucial historical development of a banking system to medieval and Renaissance Italy and particularly the affluent cities of Florence , Venice and Genoa. The Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Development of banking spread from northern Italy throughout the Holy Roman Empire , and in the 15th and 16th century to northern Europe. This was followed by a number of important innovations that took place in Amsterdam during the Dutch Republic in the 17th century, and in London since the 18th century.
First Republic, it's a privilege to serve you
Time has gone when businesses have to spend heavily on traditional advertising methods such as the use of radio, TV, billboard and many others. Today, it is possible for commercial establishments and companies to promote their products using mobile devices. The use of mobile devices such as phones, notebook, tablets and the likes for commercial purposes is what is commonly referred to as mobile marketing. Mobile marketing is available in different kinds such as SMS marketing, app marketing and other strategies. However, regardless of the strategy that you are conversant with, there are various reasons why you engage in mobile marketing.
For personal banking, choose Personal Banking. For business banking, choose Business Banking. Great personal banking services from a local bank just makes sense.