Publisher's Synopsis
Excerpt from Course in Banking: Lessons I-II, Money and Banking
One point needs to be carefully borne in mind. However greet the volume of credit exchanges. However extensive the use of credit may become in a community. They can never fully displace sales for direct money payment.
Questions for Review. I. On Text. 1. What function does credit perform in industry? 2. What determines the interest rate on bonds? 8. How does credit economize the use of gold? 4. What is meant by the elasticity of deposit credit?
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