Economics A-Level
Banking system
What Banking system means in Economics A-Level, as defined for AQA.
Definition of Banking system
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Reference: AQA
A vital intermediary that channels savings into business investment funds, providing credit so firms can invest in new capital, research, and development.
Topics that use Banking system
- Determinants of long-run aggregate supply (AQA A-Level)
Related terms
- Capital accumulation
- Classical long-run aggregate supply (LRAS) curve
- Demand management
- Economic growth
- Institutional structure
- Macroeconomic equilibrium
- Normal capacity level of output
- Productivity
Using Banking system in the exam
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