Origin of the Word Bank

Origin of the Word Bank - coin shows a banker's table...

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Origin of the wordThe word bank was borrowed in Middle English from Middle French banque, from Old Italian banca, from Old High German banc, bank "bench, counter". Benches were used as desks or exchange counters during the Renaissance by Florentine bankers, who used to make their transactions atop desks covered by green tablecloths.[5] One of the oldest items found showing money-changing activity is a silver Greek drachm coin from ancient Hellenic colony Trapezus on the Black Sea, modern Trabzon, c. 350 325 BC, presented in the British Museum in London. The
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Unformatted text preview: coin shows a banker's table (trapeza) laden with coins, a pun on the name of the city. In fact, even today in Modern Greek the word Trapeza (???pe?a) 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 Sanskrit's child languages. ?????? + ???? = ??????? . Such expense calculations were the biggest part of mathmetical treaties written by Indian mathmeticians as early as 500 B.C....
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This note was uploaded on 02/29/2012 for the course ECON 4223 taught by Professor Johnp.willen during the Spring '12 term at UCLA.

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