Introduction to the Study of Economics
Introduction to the Study of Economics
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In our eReader you can find the full English version of the book. Read Introduction to the Study of Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Introduction to the Study of Economics
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In almost xhe deposit all times such institutions have existed, function.
Modern banking did not originate distinctly in the estab- lishment of banks of deposit, but all modern banks exercise the deposit function. Bankers receive deposits, and hold them subject to the demands of the depositors.
Originally they were paid for keeping such money in a place of security ; now they make a profit by investing the money, in some cases even paying interest to deposi- tors. This change has taken place on... account of the exercise l)y banks of the function of discount.
§ 168. The principal form in which banks lend money at the present day is the form of discount. In bank discount the bank deducts interest on its The discount loans at tlic time the money is borrowed, function.
Money lenders have, of course, existed in all times and places ; but banking institutions, because they com- bine 'the functions of deposit and discount, became the principal money lenders of the modern world. They received surplus money for safe keeping ; and so easily utilized the idle moneys of a community by loaning them 280 PRINCIPLES OF ECONOMICS.
What to read after Introduction to the Study of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Bullock, Charles Jesse, 1869-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In almost xhe deposit all times such institutions have existed, function.
Modern banking did not originate distinctly in the estab- lishment of banks of deposit, but all modern banks exercise the deposit function. Bankers receive deposits, and hold them subject to the demands of the depositors.
Originally they were paid for keeping such money in a place of security ; now they make a profit by investing the money, in some cases even paying interest to deposi- tors. This change has taken place on... account of the exercise l)y banks of the function of discount.
§ 168. The principal form in which banks lend money at the present day is the form of discount. In bank discount the bank deducts interest on its The discount loans at tlic time the money is borrowed, function.
Money lenders have, of course, existed in all times and places ; but banking institutions, because they com- bine 'the functions of deposit and discount, became the principal money lenders of the modern world. They received surplus money for safe keeping ; and so easily utilized the idle moneys of a community by loaning them 280 PRINCIPLES OF ECONOMICS.
What to read after Introduction to the Study of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Bullock, Charles Jesse, 1869-1941 to read onlineMoreLess
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