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This algorithm regulated ownership or rental of land, employment of agricultural labor, and credit. Yes, there were loans back then, and yes, interest was charged on them—rates varied relying on whether you had been borrowing grain or silver. The historical past of finance and monetary activities dates back to the daybreak of civilization. More current subcategories of finance embrace social finance and behavioral finance. Finance is a term broadly describing the research and system of cash, investments, and different financial instruments.
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