Banking in Scotland also features unique characteristics. Although the Bank of England remains the central bank for the UK Government, three Scottish corporate banks still issue their own banknotes: (the Bank of Scotland, the Royal Bank of Scotland and the Clydesdale Bank). These notes have no status as legal tender in England, Wales or Northern Ireland. In Scotland, neither they nor the Bank of England's notes rank as legal tender (as Scots law lacks the concept), however banknotes issued by any of the four banks meet with common acceptance. See British banknotes.
For a further discussion read Legal Tender
The modern system of branch banking (in which banks maintain a nationwide system of offices rather than one or two central offices) originated in Scotland. Only strong political pressure during the 19th century prevented the resultant strong banking system from taking over banking in England. However, although Scottish banks proved unwelcome in England at the time, their business model became widely copied, firstly in England and later in the rest of the world.
Scotland has many national sporting associations, such as the Scottish Football Association or the Scottish Rugby Union. This gives the country independent representation at many international sporting events such as the football World Cup. Scotland cannot compete in the Olympic Games independently however, and Scottish athletes must compete as part of the Great Britain team if they wish to take part. Scotland does however send its own team to compete in the Commonwealth Games.
Scotland also has its own sporting competitions distinct from the rest of the UK, such as the Scottish Football League.
Scotland has distinct media from the rest of the UK. For example, it produces many national newspapers such as The Daily Record (Scotland's leading
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