The Work of a Bank (Classic Reprint) - Tapa blanda

Sinopsis

Excerpt from The Work of a Bank

A knowledge of banking practice and work is essential to those who intend to follow the banking profession, because although the work seems at first somewhat mechanical, yet the clerk might at some future period become a manager of a branch or possibly the general manager of a large bank, where a practical knowledge of the subject in all its aspects is indispensable. The work of a bank appears some what complicated, but when analysed is of a simple nature.

For example, a banker is a merchant dealing in capital, and in this capacity acts as a broker between two principals; on the one hand we have the depositor who leaves his capital in order to obtain interest for the same, and on the other hand the borrower who is willing to pay a certain sum for the loan of capital. The difference between the amount paid to the depositor and the amount received from the lender would constitute the banker's profit.

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