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10 cards from this deck
Financial institution earning profits by providing banking services
Investment banks don't generally accept deposits from the public
Risk of breakdown of entire banking system, not just one bank
Separating retail and investment banking activities
An advance (asset) and a deposit (liability)
97.4%
% of total deposits held as cash to meet withdrawals
Balance between liquid assets (safe) and profitable assets (risky)
Cash
Advances (loans to customers)
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