Want to say banking system differently? Here are other words for banking system and its similar synonyms and opposite words to say in unique way.
Meaning of banking system
The primary meaning of "banking system" refers to the network of institutions and rules that allow for the exchange of value between individuals, businesses, and governments.
Etymology of banking system
The term "banking system" originates from the Italian word "banca," meaning bench or counter, which referred to the benches used by money lenders in Italy during the Renaissance.
The concept of banking has evolved over time, with the establishment of central banks, commercial banks, and other financial institutions, leading to the development of modern banking systems.
Synonyms
financial system
monetary system
economic system
fiscal system
money management
financial management
cash management
treasury management
payment system
clearing system
settlement system
financial infrastructure
monetary policy
economic policy
fiscal policy
cash flow management
fund management
investment system
financial network
banking network
monetary network
economic network
financial institution
banking institution
monetary institution
economic institution
financial sector
banking sector
monetary sector
economic sector.
Definitions
- The banking system is defined by Oxford Languages as the system that enables money to be borrowed, lent, and managed, typically through banks and other financial institutions.
- It encompasses the rules, regulations, and infrastructure that facilitate financial transactions, including deposits, withdrawals, loans, and investments.
Usage Examples
- The country's banking system was severely affected by the economic crisis, leading to a decline in lending and an increase in bankruptcies.
- The new banking system implemented by the government aimed to increase financial inclusion and reduce poverty.
- The banking system plays a crucial role in facilitating international trade and investment.
Antonyms
bartering system
cashless system
non-monetary system
informal economy
unregulated market
black market
underground economy
unbanked system
primitive economy
traditional economy
subsistence economy
non-financial system
alternative currency system
virtual currency system
commodity-based system.