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The name bank derives from the Italian word banco"desk/bench", used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth.[1] However, there are traces of banking activity even in ancient times. In fact, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words bancoand bank are derived. As a moneychanger, the merchant at the bancu did not so much invest money as merely convert the foreign currency into the only legal tender in Rome-that of the Imperial Mint
Darrell Zboncak
Wiki User
∙ 15y agoThe name bank derives from the Italian word banco"desk/bench", used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth.[1] However, there are traces of banking activity even in ancient times. In fact, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words bancoand bank are derived. As a moneychanger, the merchant at the bancu did not so much invest money as merely convert the foreign currency into the only legal tender in Rome-that of the Imperial Mint
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Why to join banking sector?
The banking sector is essentially where all the money in the world is at. To join the banking sector marks the start of a lucrative career.
Where did the banking industry start?
The banking industry started in h late middle ages, at fairs where money was exchanged
Important business and banking leader at the turn of the century?
Well, the 2nd letter start with a p
Is investment banking part of the Core banking systems?
No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).
What is postal banking?
postal banking is the sysem of banking faster system to develop to the banking process.
What bank names start with a?
ANZ banking
Why to join banking sector?
The banking sector is essentially where all the money in the world is at. To join the banking sector marks the start of a lucrative career.
Where did the banking industry start?
The banking industry started in h late middle ages, at fairs where money was exchanged
How do I get started in investment banking?
The best thing to do is to get a job in investment banking first. This may require some schooling. You can't just go out and buy or start a bank.
Important business and banking leader at the turn of the century?
Well, the 2nd letter start with a p
When Narendra Modi became Prime Minister?
How to start a Direct Sales Agency of Banking service
How does international banking differ from domestic banking?
There is a difference between international banking and domestic banking. International banking is banking among different countries. Domestic banking is banking among one country.
What type of education do I need to get a good banking job>?
It would depend on what type of bank job you are looking for. Most people start off in a lower department like bank teller and get promoted up further. To start off on top you have to have some type of banking business education.
Difference between chain banking group banking?
Difference between chain banking group banking?
Can I use my income to start investing?
Yes, you should use your income to start investing if you can afford it. If you do not have too many debts and have money that you are banking, then by all means, start investing right away.
What all can a person do if they get your user id and password to your online banking information?
They can start sending your money to other places.
Which of the major banks offers online banking?
In this day and age almost all of the large banks, and most of the smaller ones, offer online banking. A comparison site would be the best place to start as you can then see, at a glance, at the differing rates and benefits on offer to you. Start with comparethemarket.com and see where you go from there.
