Question

Give definition of bank and banking.Discuss the origin of bank history and indian banking system

Answer 1

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❏The word 'bank' is used in the sense of a commercial bank. It is of Germanic origin though some persons trace its origin to the French word 'Banqui' and the Italian word 'Banca'.

❏It referred to a bench for keeping, lending, and exchanging of money or coins in the market place by money lenders and money changers.

Answer 2

Answer:

The word 'bank' is used in the sense of a commercial bank. It is of Germanic origin though some persons trace its origin to the French word 'Banqui' and the Italian word 'Banca'.

It referred to a bench for keeping, lending, and exchanging of money or coins in the market place by money lenders and money changers.❤❤❤❤❤❤