Essence of banking
Financial systems perform the essential economic function of channeling funds from units who have saved surplus funds to units who have a shortage of funds 1. The units who have saved can lend funds: they are known as lender-savers. The units with a shortage of funds must borrow funds to finance the...
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| Format: | Article |
| Language: | English |
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International Institute for Private Commercial and Competition Law
2020-06-01
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| Series: | European Journal of Economics, Law and Social Sciences |
| Online Access: | http://iipccl.org/wp-content/uploads/2020/06/234-243.pdf |