Banking System (Noun)
Meaning
Banks collectively.
Classification
Nouns denoting groupings of people or objects.
Examples
- A financial expert argued that a stable banking system is crucial for the overall health of the economy.
- The banking system played a significant role in the country's financial crisis by providing excessive loans to customers.
- During the recession, many blamed the banking system for reckless lending practices and sloppy regulations.
- Investors are critical of the banking system for charging unjustified high interest rates on loans.
- Government regulators have exerted further control over the banking system to strengthen financial regulations.