Time Banking

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Definition of 'Time Banking'

An alternative monetary system that bases its value on units of time rather than on commodities or other items of value such as cash. Time banking focuses on the value of one hour of labor, and was developed during the 1980s in order to increase social capital by focusing on the value of the individual rather than the value of a hard currency.
Investopedia Says

Investopedia explains 'Time Banking'

Time banking is an opt-in system, with members earning "time dollars" by providing or using services. Often these services focus on community outreach, such as the care of the elderly, business development help and home repair. Because it does not have a true monetary value, time banking is not like a local currency.

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'Time Banking'

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    ... with time. Even still, credit unions typically only offer relatively basic services,
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    ... you haven't started, then right now, meaning today, is the right time for you ... Banking
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    ... deal more through the subprime debacle and has a larger retail banking presence ... NVS)
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    ... Is Now A Good Time To Invest In Real Estate? ... But is this really a good time
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    ... and administrators in their own right, took banking out of the temples and formalized
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    ... the early 1980s. Many analysts consider this to be the primary cause of
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