BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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German word ‘back’ which means a joint stock fund’
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Italian word ‘banco’
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words ‘bancus’ or banque’ which means ‘a bench’
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All of the above
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Detailed explanation-1: -The word bank is derived from the Italian word Banco or from a French word Banque, which means a bench or money exchange table. Q. The word ‘bank’ is derived from the French word ‘banque’, which means a bench or a money exchange table.
Detailed explanation-2: -banque f (plural banques) bank (establishment where financial transactions take place)
Detailed explanation-3: -There are others, who are of the opinion that the word “bank” is originally derived from the German word “back” meaning a joint stock fund, which was Italianized into “banco” when the Germans were masters of a great part of Italy.
Detailed explanation-4: -noun. bank [noun] (business) a place where money is lent or exchanged, or put for safety and/or to acquire interest.
Detailed explanation-5: -Actually, the word “bank” is of an Italian origin. “Banki minuti” (eng. small benches) was the collocation used to describe money exchange in the streets of Florence in the 11th – 12th centuries when clients and money exchangers concluded transactions while sitting on benches.