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Chapter VII. Bank Currency, Its Nature, Operation, And Advantages |
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Chapter VII. Bank Currency, Its Nature, Operation, And Advantages |
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This section is from the book "Money And Banking", by William A. Scott . Also available from Amazon: Money and Banking.
The major part of the paper money of the present day is supplied by institutions called banks. In order to understand this sort of currency, therefore, it is necessary to explain the nature and methods of operation of these institutions.
Continue to:
advantages, bank currency, banking machinery, bank rates, banking systems, composition, foreign exchanges, functions of money, paper money, bimetallism, medium of exchange, metallic money, prices, theory of prices, safety, standard of value
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