What does «bancos y banca» mean in Spanish?
- A bank is a mercantile institution specially dedicated to the traffic of money and to the performance of all kinds of services related to it in any form and aspect. The term banking refers to all the credit institutions of a country. According to their essential function, credit institutions can be classified as commercial, mortgage, issuing, investment, savings, etc. banks. Their best known form is the commercial bank. This article is mainly concerned with commercial banks and their relations with banks and other governmental institutions. See Investment Banks; - History Of Banking: The word bank is generally believed to derive from the Italian "banca" (bench, table or counter). The use of benches and counters by primitive bankers for monetary traffic with their customers provides a plausible explanation for the semantics of the word. Ancient civilizations rea... To continue reading