Economy, asked by acds3322, 11 months ago

Explain the origin of the word ‘bank’ in brief.

Answers

Answered by priya9531
9

ello!!!

The word bank comes from an Italian word banco, meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench. They placed the money on that bench. ... The goldsmiths eventually started loaning money using the gold left to them, and also paid interest on the gold.

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