Professional Documents
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Chapter 1
Chapter 1
, Information economies,
The Services Banks Offer the Public & Trends Affecting All Banks.
What Is a Bank
The word Bank has derived from the Italian word ‘Banco’ used in the Bank of
Venice in 1157. Some economists believe that the word ‘Bank’ originates from the
German word ‘Banck’ meaning a joint stock firm. The other view believes that the
word ‘Bank’ has been derived from the word ‘Bancus’ or ‘Banque’ which denotes
a bench.