Bank
Japanese Name:
銀行
Romaji Name:
ginkou
Description
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A bank is a financial institution that provides services such as accepting deposits, lending money, and managing payments. Banks help individuals and businesses save money, access loans, and conduct transactions like transferring funds or paying bills. They also offer financial products like credit cards, mortgages, and investment services. Banks play a crucial role in the economy by facilitating the flow of money and supporting economic growth.
History
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Banks have existed since ancient times, with early examples in Mesopotamia around 2000 BC, where merchants and temples offered deposits and loans. Modern banking developed in medieval Italy during the 12th–15th centuries, with institutions like the Medici Bank providing financial services to merchants and governments. Banking spread across Europe and later the world, evolving into today’s global system of commercial, central, and investment banks.