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Brief History of Banking System—Its Benefits

  • M Amjad Pervaiz
  • Dec, 2016
  • Commerce

Banking in fact is as primitive as human society, for ever since man came to realize the importance of money as a medium of exchange

It has not so far been decided as to how the word ‘Bank’ originated. Some authors opine that this word is derived from the words ‘Bancus’ or ‘Banque’ which means a bench. The explanation of this origin is attributed to the fact that the Jews in Lombardy ...