Prime bank

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"Prime bank" is a term used to describe the top 50 (approximately) banks in the world. Prime banks trade instruments such as world paper, International Monetary Fund bonds and Federal Reserve Notes.

However, the term is often used by fraudsters trying to sound legitimate. Prime bank programs often claim investors' funds will be used to purchase and trade "prime bank" financial instruments for huge gains. Unfortunately, these "prime bank" instruments often do not exist and the investors lose all of their money. [1]


Resources[edit]

References[edit]

  1. Prime Bank. Investopedia.com.