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Introduction to Financial Services: Banking

Banks aggregate the savings of individuals and businesses and lend to individuals, businesses, and governments. Economic output would be lower if businesses had to finance investments themselves or if individuals had to rely on their savings alone to make expenditures (e.g., home and car purchases).

This paper reviews key concepts in banking, provides an overview of banking-related regulations and recent banking regulation, and highlights emerging policy issues.


  • Author(s):
  • Raj Gnanarajah
  • Andrew P. Scott
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Introduction to Financial Services: Banking
  • White Paper
Website:Visit Publisher Website
Publisher:Congressional Research Service
Published:January 5, 2023
License:Public Domain

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