CHAPTER 7.
THE FUNCTIONS OF BANKS Sec.1.Nature and classes of banks.Sec.2.Functions of banks.Sec.3.

The essential banking function.Sec.4.Time deposits.Sec.5.

Demand deposits.
Sec.6.Discount and deposit.Sec.7.Nature of banking reserves.Sec.8.

Bills of exchange, domestic.Sec.9.Issue of notes.Sec.10.Divergent views of typical bank notes.Sec.11.Banking credit as a medium of trade.Sec.

12.
Productive services of banks.Sec.13.Income of banks.
Sec.1.