Commercial banks play an important role in the financial system and the economy.They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
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Sectionalism can currently be found playing itself out in the Spanish region of Catalonia, a semi-autonomous region of about 7.5 million people in northeast Spain. The wealthy region has its own language, parliament, police force, flag, and anthem.
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