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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.
Coral Springs
Coral Springs, officially the City of Coral Springs, is a city in Broward County, Florida, United States, approximately 20 miles (32 km) northwest of Fort Lauderdale. As of the 2010 United States Census, the city had a population of 121,096.[5] It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.
The city, officially chartered on July 10, 1963, was master-planned and primarily developed by WCI Communities, then known as Coral Ridge Properties, a division of Westinghouse. The city’s name is derived from the company’s name, and was selected after several earlier proposals had been considered and rejected.[6] Despite the name, there are no springs in the city; Florida’s springs are found in the central and northern portions of the state.[7]
During the 1970s, 1980s, and 1990s the young city grew rapidly, adding over 35,000 residents each decade. Coral Springs has notably strict building codes, which are designed to maintain the city’s distinctive aesthetic appeal. The city government’s effective fiscal management has maintained high bond ratings, and the city has won accolades for its overall livability, its low crime rate, and its family-friendly orientation.
Coral Springs is a planned community. Prior to its incorporation as a city in July 1963, the area which is now Coral Springs was part of 20,000 acres (81 km2) of marshy lands bought by Henry Lyons between 1911 and 1939. After several floods in 1947, Florida created the Central and Southern Florida Flood Control District (now the South Florida Water Management District). Canals and levees drained much of the area upon which Coral Springs was built. After the land was drained and cleared, most of the area was used as a bean farm. After Lyons’ death in 1952, his heirs changed the focus to cattle.[8]
A post-World War II real estate boom in South Florida attracted the interest of developers. Coral Ridge Properties, which already had several developments in Broward County, bought 3,869 acres (16 km2) of land from the Lyons family on December 14, 1961 for $1 million.[6]The City of Coral Springs was chartered on July 10, 1963. Other names that were considered for the new city included “Curran Village,” “Pompano Springs” and “Quartermore”. By 1964, the company had developed a master plan for a city of 50,000 residents. On July 22, 1964, the first sale of 536 building lots netted $1.6 million. The landmark covered bridge was built that same year to promote the town. In 1965, Coral Ridge Properties bought an additional 6,000 acres (24 km2) from the Lyons family, increasing the city’s land area to 16 square miles (41 km2). The first city government elections were held in 1967.