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Pursue, credit, property, customer, payment, government, bank, principal, investment, marketplace, responsive, savings, competitive, debt, security



While many people believe that … play only a narrow role in the economy—taking deposits and making loans—the modern bank has had to adopt new roles in order to remain … and … to public needs. Banking's … roles today are as follows:

The intermediation role     The payments role     The guarantor role     The agency role     The policy role Transforming.. received primarily from households into credit (loans) for business firms and others to make … in new buildings, equipment, and other capital goods. Carrying out … for goods and services on behalf of their … (such as by issuing and clearing checks, wiring funds, dispensing currency and coin, etc.). Standing behind their customers to pay off customer … when those customers are unable to pay (such as by issuing letters of credit to support international trade and to back customer issues of commercial paper), which makes it both easier and cheaper for a bank's customers to obtain … elsewhere in the financial …. Acting on behalf of customers to manage and protect their … or issue and redeem a customer's … (usually provided through the bank's trust department). Serving as a conduit for … policy in attempting to regulate the growth of the economy and … social goals.

Ex. 5. Insert prepositions.





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