1. Give some particulars in which the Bank of England differs from our
larger national banks.
2. A bank cheque is a demand order for money drawn by one who has
funds in the bank. How does a cheque differ from an order on A----
B---- to pay bearer a certain sum of money?
3. You are sending a cheque through the mails to John Brown, Chicago.
How will you prevent the cheque from falling into the hands of the
wrong Brown?
4. You identify A---- B---- at your bank. The cheque A---- B----
presented turns out to be a forgery. Are you responsible?
5. What is meant by power of attorney? How should an attorney indorse
cheques for any person for whom he is acting?
6. What is a certified cheque? Brown gives A an ordinary cheque for
$1000, and B a certified cheque for $1000. He fails before either
cheque is presented. Why is B's security for his claim considered
better than A's?
7. Show how all the banks of the United States are connected through
the clearing-house system.