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banks (institutions)


Identification code: 300410327



Related term/s

Alternative term/s

  • bank

Anotations

Scope note:

Financial institutions for the custody of money received from, or on behalf of, customers, with the essential duty of payment of the orders given on it by the customers. Banks' profits arise mainly from the investment of the money left unused by the customers. Banks typically pay interest on deposits, and offer other financial services including loans, and currency exchange.

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