File Under Useless Information

A few hundred years ago, when a man put money in an English bank, his deposit was recorded by notching a stick. The stick was then split, the bank keeping one half, the depositor the other half. Before the money could be withdrawn, the two pieces had to be matched. The depositor’s half was called “Bank stock,” whereas the part kept by the bank was the “Check.”

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Published in: on December 28, 2009 at 2:57 PM  Leave a Comment  

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