Economics GCSE
Building societies
What Building societies means in Economics GCSE, as defined for AQA.
Definition of Building societies
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Reference: AQA
Mutual institutions owned by their members, savers and borrowers, rather than shareholders, traditionally focusing on residential mortgages and savings.
Topics that use Building societies
Related terms
- Bank of England
- Business investment
- Central banking
- Commercial banking
- Financial institutions
- Financial intermediation
- Financial sector
- Financial stability
Using Building societies in the exam
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