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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.
Lebanon
Lebanon /ˈlɛbnən/ is the county seat of Wilson County, Tennessee, United States.[4]
The population was 26,190 at the 2010 census, 28,608 in 2013 and 32.372 following a special census conducted in 2016[5].
Lebanon is located in Middle Tennessee, approximately 25 miles (40 km) east of downtown Nashville. Lebanon is part of the Nashville Metropolitan Statistical Area.
The city was incorporated in 1801,[6] and was named after the biblical cedars of Lebanon.[7] Local residents have called Lebanon “Cedar City”, mostly a reference to the abundance of cedar trees in the area. The city is home to Cumberland University, a small, private four-year liberal arts institution.
As of the census[2] of 2000, there were 20,235 people, 7,987 households, and 5,319 families residing in the city. The population density was 692.0 people per square mile (267.2/km²). There were 8,693 housing units at an average density of 297.3 per square mile (114.8/km²). The racial makeup of the city was 82.89% White, 13.78% African American, 0.33% Native American, 0.82% Asian, 0.03% Pacific Islander, 1.00% from other races, and 1.15% from two or more races. Hispanic or Latino of any race were 2.26% of the population.
There were 7,987 households out of which 30.9% had children under the age of 18 living with them, 47.7% were married couples living together, 15.0% had a female householder with no husband present, and 33.4% were non-families. 28.5% of all households were made up of individuals and 11.1% had someone living alone who was 65 years of age or older. The average household size was 2.41 and the average family size was 2.94.