11 lines
764 B
Markdown
11 lines
764 B
Markdown
# Bank
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A bank is a financial institution which is chartered and regulated to hold customer [deposit](deposit.md).
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A bank has [deposit insurance](deposit-insurance.md) backed by a [central bank](central-banks.md).
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Banks are required to perform [KYC](kyc.md), [CTF](ctf.md), [AML](aml.md) checks on financial transactions and account holders.
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## References
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1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625.
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1. Binder, Carola. 2021. ‘Technopopulism and Central Banks’. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3823456.
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1. Braun, Benjamin, and Daniela Gabor. 2019. ‘Central Banking, Shadow Banking, and Infrastructural Power’. https://doi.org/10.31235/osf.io/nf9ms. |