1. What does a bank do for a community?
2. What are the sources of income to a bank?
3. Can a bank that issues its own notes afford to lend cheaper than the
ordinary capitalist?
4. What is discount and deposit?
5. Do all banks issue notes? Why?
6. What is the function of a clearing-house?
7. If there are twenty banks in a town and no clearing-house, how many
collections would have to be made by all the banks daily assuming that
each day depositors of each bank receive checks on the other nineteen
banks?
8. Does a clearing-house enable the banks that belong to it to get along
with a smaller cash reserve?
9. What element of security is furnished by clearing-houses during
panics?