what is bank money key Answer
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Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. ... Banking is one of the key drivers of the U.S. economy.
However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms.
ATM (Automatic Teller Machines): ...
Bancassurance: ...
Bouncing of a cheque: ...
Bank Account: ...
Bank Rate: ...
Basis Point: ...
Call Money: ...
Cheque:
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Definition of bank money. : a medium of exchange consisting chiefly of checks and drafts.
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