What would happen if their was only one bank in the whole world?

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Their are benefits and not benefits of one bank in the whole world. Here are some not benefits

. People would have to to travel a long way from their homes to have an appointment with the bank

. More people need to work hard to achieve the qualifications to become a banker

. Not enough people will be required for other important jobs . E.g doctors, nurses, fire fighters and police .

. People with different viewpoints will argue and commotion will grow

. In Times of the financial crisis banks can't exchange money

I only thought of negative ideas of one bank . Can does any one have any suggestions?

Comments (2)

  • Tiff-Avatar.jpg Tiff @ the BNC 23 Nov 2018

    Fascinating discussion starter:

    What do other BNC members think?
    Try to give answers that consider...
    Global companies and businesses that trade in abroad
    Relationships between countries and things that might get in the way
    If countries are moving closer or further away from 'doing things together' at the moment

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  • Ormiston-Bushfield-logo-250x250.jpg benevolent_solution
    Ormiston Bushfield Academy 24 Nov 2018

    Though I agree with your ideas, the banking system would be reliant on a single person. If this person was trustworthy and reliable then this would create a strong and dependable economy. This would, however, create large amounts of friction between those who have different ideas on how a bank should be run. A solution to this would be having a small board of diverse directors could help this. In response to the logistics point with the development of online banking, people could safely and securely access their account from everywhere, therefore, removing this barrier.

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