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banking principle

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noun
the principle that bank notes are a form of credit and should be issued freely in order to maintain an elastic currency.
QUIZ
THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?
Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.
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In the UK, COTTON CANDY is more commonly known as…
Also called banking doctrine.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use banking principle in a sentence

  • This restriction is based upon a sound banking principle, learned after much bitter experience.

    Readings in Money and Banking|Chester Arthur Phillips
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