Question

What is t definition of the Banking System?

Answer 1

A Banking system is a group or network of institutions that provide financial services for the us. These institutions are responsible for operating a payment system, providing loans, taking deposits, and helping with investments

Answer 2

The structural network of institutions that offer financial services within a county. The members of the banking system and the functions they typically perform include: (1) commercial banks that take deposits and make loans, (2) investment banks which specialize in capital market issues and trading, and (3) national central banks that issue currency and set monetary policy.