The mankind give debt and take for centuries.5000 years ago,at the age of which civilizations has not started yet,in Mesopotamia(today’s Iraq),there is evidence from people that such relationships are being established.However, the modern banking system emerged in Italy in 14th century.The “bank” means come from the word ‘banca’ which means Italian ‘bench’ or ‘queue’.It called as “Bank” because of banker who sit on bench to carry on the job connections. Italian peninsula in 14th century,was made up of city states that benefited from the moral and material support strength of the pope in Rome.The geographic…