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The money you deposit at the bank short term cash is used to lend to others for long term debt such as car loans credit cards mortgages and other debt vehicles.
Bank definition money. The concept of bank money originated with the amsterdamsche wisselbank the bank of amsterdam which was established in 1609 during amsterdam s ascent as the largest and most prosperous city in europe. Money held in commercial banks. The development of trade and commerce drove the need for readily exchangeable forms of money. Bank bank bank money.
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