Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the northeasterly like Florence, Venice andGenoa. The Bardi and Peruzzi families dominated swearing in 14th century Florence, establishing branches in many other parts of Europe. Perhaps the most historied Italian bank was the Medici bank, set up by Giovanni Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was open uped in 1407 at Genoa, Italy.
The word bank was borrowed in midpoint English from Middle French banque, from Old Italian banca, from Old High German banc, bank bench, counter. Benches were used as desks or deepen counters during the Renaissance by Florentine bankers, who used to make their transactions atop desks covered by green tablecloths.
One of the oldest items found showing money-changing activity is a silver Grecian fluid dram coin from ancient Hellenic colony Trapezus on the discolour Sea, modern Trabzon, c. 350325 BC, presented in the British Museum in London. The coin shows a bankers table (trapeza) laden with coins, a pun on the cook of the city. In fact, even today in Modern Greek the word Trapeza (???????) means both a table and a bank.
Another possible origin of the word is from the Sanskrit words (????) baya (Expense ) and Onka (Calculation) = BayaOnka.
This word still survives in Bangla, which is one of the Sanskrits child languages. ?????? + ???? = ??????? . such(prenominal) expense calculations were the biggest part of mathmetical treaties written by Indian mathmeticians as early as 500 B.C.
-------------------------------------------------
Definition
The definition of a bank varies from country to country. See the relevant country page (below) for more information.
Under English common law, a banker is defined as a person who carries on the business of banking, which is specified as
* conducting ongoing accounts for his customers
* paying cheques drawn on him, and
*...If you want to get a full essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment