Is Is definitely Ethical to Charge Interest

 Is Is definitely Ethical to Charge Curiosity Essay

When we talk about banking institutions, loans and even money, it is extremely common to notice words including interest, usury, risks, and so forth We refer to these words very often and a lot of times do not even know very well what they mean. Although this is not that; it gets more interesting when we start connecting all this stuff with other subject areas such as religious beliefs, ethics and moral ideals. Going back for the beginning, when we start talking about banks and money, it can be known simply by everybody that banks' main business would be the loans plus the interests they ask for these people, which a large number of people tend not to like. Additionally they refer to the banks as usurers, fighting that the rates of interest they demand are too substantial. But who decides (knows) the reasonable rates to charge? Why people call banks usurers? What is cash at the end of the day? It is necessary to have at heart the meaning of all these words in order to be capable to have a judgment of what this kind of topic is all about. First of all, i want to start by determining some important terms: -Money: According to Aristotle, " money is really a simply tool of measure, relating the cost of two products to each other. ” -Interest: High quality asked for lending money

-Usury: Charging excessive interest upon loans

-Bank: Financial institution which makes money investors and credit seekers meet simply by acting since an intermediary. -Religion: A collection of belief systems, cultural devices, and community views that relate humankind to spiritual techniques and, sometimes, to ethical values. -Moral values: The standards of good and evil, which will govern could be behavior and choices. Once we have identified these key terms, we can start asking ourself all the honest aspects that money, religion and moral values involve. In one side we have seen thru years when people need a car, a family house, a credit card, etc . they usually check out a bank and have for a loan. Functions very easily nowadays, but it had not been that easy before. Many years ago people accustomed to resort to people called usurers, who incurred very high interest rates on financial loans, making...

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