# Banking place

- Canonical URL: https://www.gerhardmerk.de/banking-place
- Post ID: 593156
- Modified: 2023-07-25T21:01:11+00:00
- Language: en

## Definition

In Germany, the term used to refer to a town or city in which the Landeszentralbank maintained a branch. In such places, it was easier to obtain cash immediately; the stock of cash could therefore be kept lower. This locational advantage was temporarily offset by a higher minimum reserve for institutions in banking centers. - A place (e.g. Frankfurt, London, New York) or a country (e.g. Luxembourg, Switzerland) where an above-average number of institutions are represented, also known as a financial center. - See bank forex, non-bank center, interest island. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1