It is necessary to know for economists. Banks -
financial institutions that offer the widest range of
financial services – especially credit, savings and payment
services and perform the widest range of financial functions of
any business firm in the economy.
Affiliated bank -
bank whose stock has been acquainted by a bank
holding company.
Bankers’ bank -
groups of banks that are given a legal permit to create
regional service firms in order to facilitate the delivery of certain
210
customer services, such as rapid transfer and investment of customer
funds and the execution of orders to buy or sell securities.
