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Copyright, 1927, by


All Rights Reserved



This volume presents, for use in university and college courses in banking, money, and credit, a wide selection of problems illustrating the whole range of these related subjects. The authors believe that the body of materials here collected and carefully arranged will aid the student at every step of his work, helping to build up for him a theoretical background; presenting the legal and historical aspects of the development of banking in various countries, more especially our own; acquainting him with points of present-day practice; and showing in outline the relations of money, banking and credit to the general field of economics. The volume will be found useful also, it is believed, in the training courses offered in financial institutions and other corporation schools.

A large proportion of the problems here selected deal with present-day conditions, but to give proper perspective there have been included a large number showing the genesis of our current system and practice. In both types stress has been laid upon fundamental principles. Materials have been freely taken from government reports and other well-recognized sources of information. The problems which represent actual cases have come under the observation of the authors or have been obtained directly from banking or business houses. Descriptive data have been given whenever it was felt that such information would illustrate principles, challenge thought, encourage discussion, or stimulate the student's interest in his work.

The authors have endeavored to include material on each of the subdivisions usually covered by textbooks in the field. They have not, however, sought to follow the outline used in any specific book or course, but rather to present the data in what appeared to be the most logical arrangement in view of the diversity of order and emphasis in different college and university courses. The problems have been so constructed and arranged as to make it possible for instructors to shift the order or to omit entirely specific types to suit the special needs of their classes. Whether


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