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As a component of the United Kingdom, Scotland uses the British pound sterling as its official currency. Business services and banking account for a large proportion of employment in Scotland. Among the main banking and insurance jobs are legal and computer services, accountancy, and property (real estate) services. Scotland had eight joint-stock banks until the 1950s, when mergers reduced that number to three—the Bank of Scotland, the Royal Bank of Scotland (RBS), and the Clydesdale Bank, each of which retains the right to issue its own notes (currency). By the 21st century RBS had become one of the world’s largest ...(100 of 26033 words)