Bank Operations And Functions
Bank Operations And Functions Fundamental And Other Functions The Activities Described In The Preceding Chapter As Discount, Deposit, And Note Issue Are Traditionally Called The Fundamental Functions Of Commercial Banks. "function" Here Means The Course Of Action Which Peculiarly Pertains To Or Is Appropriate To The Institution. The Operations Of ...
Classification And Functions Of
Classification And Functions Of Banks Specialization Of Bank Functions Banking Institutions Are Specialized Dealers In And Guarantors Of Credits. The Evolution Of Our System Of Credit Has Been Charac Terized By The Same Division Of Labor Which Dominates Our Social And Economic Structure. Not Only Have Credit Institutions Sepa Rated ...
Credit
Credit Confidence And Time Element The Discussion Of Money Has So Far Dealt Only With The Metallic Forms. Transactions In Which Immediate Payment Of Standard Metallic Money Is Made Are Primarily Barter Transactions—as When One Hat Is Exchanged For One Ounce Of Gold; They Are Trans Actions, However, Which Differ ...
Government Paper Or Credit
Government Paper Or Credit Money Wide Acceptability Of Government Credit From The Creditor's Point Of View, Credit Represents The Trust He Has In The Debtor; From The Debtor's Point Of View, Credit Is Borrowing Power, The Power He Has To Induce The Creditor To Put Economic Goods At His Disposal ...
History Of The National
History Of The National Coinage First Coinage Act The First Coinage Act Of The United States Was Prepared By Alexander Hamilton In 1792. It Provided For The Establishment Of A Mint And A Bimetallic System Of Gold And Silver At A 15:1 Ratio; It Named The Coins—eagles, Half- And Quarter-eagles, ...
Metallic Money
Metallic Money Relation Of Money And Banking Principles A Bank Is An Institution For The Custody, Loan, Exchange, Or Issue Of Money And Credit, And For Facilitating The Transmission Of Funds By Bills Of Exchange. Banks Deal In Money And In Credit, Which Is The Deferred Payment Of Money. The ...
Nature Of Bank Credit
Nature Of Bank Credit Specialization In Credit Issue The Credits Issued By The Government Are Incidental To Its Major Functions Of Making, Executing, And Interpreting The Law. The Credits Issued By The Business Man Are Incidental To The Con Duct Of His Commercial Operations. The Personal Credits Issued Are Occasional ...
Protection Of Bank Note
Protection Of Bank Note Holders Nature Of Bank Notes In Case The Seller Of Discount Items (the Borrower) Or His Busi Ness Clientele Does Not Understand The Deposit-check-paying Sys Tem, He Will Probably Ask That The Proceeds Be Paid To Him In Cash. The Bank Then Has The Alternative Of ...
Protection Of Depositors
Protection Of Depositors Special Protection In The United States For Reasons Presented In The Preceding Chapter, The State Has Not Been As Solicitous For The Protection Of Depositors As It Has For The Protection Of Noteholders. Indeed, Much Of The Protection To Noteholders Has Been Given To The Direct Detriment ...
Relation Of Bank Credit
Relation Of Bank Credit To Prices Marginal Utility And Price Trade Is Fundamentally Barter; The Money Economy And The Credit Economy Sprang From The Barter Economy. Under The Money Economy One Commodity Possessing The Quality Of General Acceptability Was Exchanged For Any Other Commodity. The Barter Nature Of Such Transactions ...
Reserves For Protection Of
Reserves For Protection Of Bank Credit Considerations Governing Size Of Cash Reserve In Chapter Vi It Was Stated That One Of The Three Essential Objectives In Protecting Bank Notes Is To Provide For Their Instant Convertibility Upon Demand By The Holder And Thus Maintain Their Parity. The Same Applies To ...