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Definitions from the Web
Term: Banking Industry
The banking industry refers to the sector of the economy that encompasses all financial institutions such as banks, credit unions, and investment firms, which provide various financial services to individuals, businesses, and governments.
Senses/Usages:
- Common Noun: The banking industry plays a vital role in the economy by facilitating financial transactions and providing necessary services.
- General Sense: The banking industry is highly regulated to ensure stability and protect consumers.
- Specific Sense: The job opportunities in the banking industry are diverse, ranging from banking tellers to financial analysts.
- Local Context: In the local banking industry, regional banks dominate the market by catering to the needs of specific communities.
Sample Sentences:
- The banking industry is constantly evolving due to advancements in technology.
- The government implements strict regulations to prevent misconduct within the banking industry.
- After completing her finance degree, Lisa pursued a career in the banking industry.
- The local banking industry in our town provides personalized services tailored to the community's needs.
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