„Banker's Bank“

What does Banker's Bank stand for?

A bank that is established by mutual consent by independent and unaffiliated banks to provide a clearinghouse for financial transactions.

Source:

Santomero, A.M., Seater, J.J., (1997), “Monetary Theory: The Design and Implementation of Systems”, John Wiley & Sons, Inc.

Financial and BankingView all items
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