Question

The term 'Bank' was derived from the Italian word:
(A) BANCK
(B) BANCO
(C) BANKE
(D) None of the above​

Answer 1

Answer:

none of the above

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Answer 2

The term 'Bank' was derived from the Italian word 'Banco'.

• 'Banco' means 'bench' in Italian.
• In a region in Italy called Lombardy, Jews exchanged the benches in the marketplace for money and bills.
• The benches were broken when a banker failed.
• The term bankrupt evolved from this situation.
• There is also a different version which says 'bank' is from the Italian word 'Banca' which means moneylender's table.
• In the earlier days bank was defined as the counter or shop of a money-lender.
• Presently it is defined as a financial institution.