Cleveland, F. A., Funds and their uses. 1902.
Conant, C. A., History of modern banks of issue. 5th ed., 1915.
Dunbar, C. F., Theory and history of banking. 2d ed., 1901.
Fisk, A. K., The modern bank. 1903.
Holdsworth, J. T., Money and banking. 1914.
Kinley, David, The specie reserve in a banking system. J. P. E., 20: 12-24. 1912.
*Phillips, chs. IX, X.
Scott, W. A., Money and banking. 1903.
Veblen, T., Theory of business enterprise. 1904.
*White, bk. III, chs. I-III.
Questions.
1. What does a bank do for a community?
2. What are the functions performed by a bank?
3. What are the sources of income to a bank?
4. Explain the most important ways in which the deposits of com mercial banks originate; and state which of these ways creates the greatest amount of demand liabilities of the banks.
5. Do all banks issue notes? Why?
6. What is the advantage to a bank of the right to issue bank notes?
7. How does the issue of bank notes differ from the lending of funds to depositors?
8. Can a bank that issues its own notes afford to lend cheaper than the ordinary capitalist?