What does banking system mean?

banking system meaning in Business Dictionary

The structural network of organizations that provide monetary solutions within a county. The people in the banking system as well as the functions they typically perform feature: (1) commercial finance companies that take deposits making loans, (2) investment banking institutions which concentrate on capital marketplace problems and trading, and (3) national central banks that problem money and put monetary policy.

banking system meaning in General Dictionary

banks collectively

Sentence Examples with the word banking system

The banking system of the country was put on a sound footing by a series of acts culminating in 1871, and in the same year a uniform system of decimal currency was established for the whole Dominion.

View more Sentence Examples