banking system

Definitions of banking system
1

n banks collectively

Synonyms:
banking industry
Types:
FCS, Farm Credit System
a cooperative nationwide system of banks and associations providing credit to farmers and related businesses; originally capitalized by the federal government but now owned by its members and borrowers
hawala
an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction
Type of:
industry
the people or companies engaged in a particular kind of commercial enterprise

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