герундий или существительное?
During the seventeenth century banking in England was in the hands of goldsmiths who held deposits, made loans to the merchants and the Crown. В этом предложении
"banking" - герундий или существительное? Спасибо.
I'd say it's a gerund.
Banking refers to the business of a bank. But banking is not a noun - bank is.
Therefore banking is made up from the verb (bank, that is) and the -ing ending.
Example of a gerund:
Swimming is fun.
Same as your case:
Banking was in the hands...
So, I would think it's a gerund :)
Sorry, when I said "banking" is not a noun, what i meant was it ain't original, you know what i am saying. It is more of a verb within a clause as they call it.
спасибо, Аглая, за быстрый ответ.