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banking system

banking system

42 3.0
All the banks in a country that work together to manage money and payments
  • noun
  • /ˈbæŋkɪŋ ˈsɪstəm/
translation icon : sistema bancario
  • The U.S. economy is unlikely to recover fully until the banking system is restructured.
  • central banking system
  • commercial banking system
  • international banking system

So the whole banking system is completely insolvent.

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Examples

  • We know what we have done to our banking system here.

    Academic text (1992)
  • Central banks clear payments by transferring reserves within the banking system.

    Academic text (2017)
  • This is the entire banking system right here, OK.

  • Do not return the banking system into risk.

  • And you know, it seems not even the banking system is able to stop this.

  • Eventually they set up a banking system where you would give the money over in LA

  • I think it is fair to say that we do not have a banking system in Mexico.

    Academic text (1997)
  • These measures stopped bank runs and kept the Russian banking system functional.

  • The fifth lesson introduced the students to the banking system and the exchange of money.

    Academic text (1992)
  • The U.S. economy is unlikely to recover fully until the banking system is restructured.

Synonyms

banking
vsbanking system
534 2.8

The business of managing money and accounts at a bank

is the collective national arrangement rather than the everyday financial work
banking industry
vsbanking system
16 3.2

Companies that take people's money, lend it, and offer services to help with money

is an organized national setup for managing money and transactions

Surface Forms

Morphology

banking + system

The meaning is directly derivable from combining 'banking' (the business of handling money) with 'system' (a formalized set of procedures), yielding the organized set of banks and financial operations. This straightforward compositional pattern is cross-linguistically common, so a B1 learner who knows both constituents would readily infer the MWE meaning.

Etymology

Banking system mixes banking (the work of banks) and system (connected parts); picture many banks as parts of one machine that move money around. So, banking system means 'all the banks in a country working together to handle money'.