The provision of banking services to other banks,such as check clearing,foreign exchange trading,and so forth,is an example of

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Correspondent banking refers to the provision of banking services by one bank to another bank, such as check clearing and foreign exchange trading, to facilitate their operations. This is an example of interbank cooperation and enables banks to share resources and expertise, ultimately leading to cost savings and efficiencies.

The Provision of Banking Services to Other Banks,such as Check