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Letter of explanation

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12y ago

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In the banking industry what does loc mean?

Line of Credit


In the banking industry what does BSA mean?

bank secrecy act


What does ISO mean in the banking industry?

Independent Service Organisation(ISO)


What industry does banking come under?

Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.


Why is the banking industry called an oligopoly?

Olligopoly's word parts mean, few many. That means that the industry is controlled by only a few people.


What does the medical abbreviation LOX mean?

Liquid Oxygen


Where did the banking industry start?

The banking industry started in h late middle ages, at fairs where money was exchanged


How does the French government deal with the banking industry?

tendency to interfere with the banking industry if prospective acquisitions appeared to threaten jobs.


How can you get into a career in the banking industry?

You will have a better chance in the banking industry if you at least have an associate degree in in business or finance. Many positions are not open to anyone who does not have a degree. Try internships or trainee positions if you are serious about breaking into the banking industry.


How competitive is the banking industry in Ghana?

American banks that do banking business in Ghana


What does LOX stand for?

LOX is liquid oxygen. Lox is smoked salmon.


How does politics affect the banking industry?

Yes, politics greatly affect the banking industry. Government policies affects the economy of a nation which involves its banking industry. An example is the case of the Great recession which affected many banks around the world.