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The curse of paper-money and banking; or A short history of banking in the United States of America, with an account of its ruinous effects. (1833) An inquiry into the expediency of dispensing with bank agency and bank paper in fiscal concerns of the United States. (1837) The Journal of banking, from July 1841 to July 1842 (1841-1842)
The categories include type of item, and if it is a cheque or cash and which bank it is from, such as a local bank or not. The bank teller keeps the deposit slip along with the deposit (cash and cheques), and provides the depositor with a receipt. They can be filled in prior to attending the bank, making it more convenient when paying in.
Before the introduction of this standard (also known as 2-4-6 for current accounts and 2-6-6 for savings accounts), the only way to know the "fate" of a cheque has been "Special Presentation", which would normally involve a fee, where the drawee bank contacts the payee bank to see if the payee has that money at that time.
The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...
Unchartered banking associations were created in the western regions of Virginia and Pennsylvania to supply the credit needs of local settlers, [12] as well as in Kentucky and Ohio. A traveler in the latter states observed "much trouble with paper money" at the end of 1818 that could only lead to "penance" and the return to a smaller money ...
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Cash and cash equivalents – it is the most liquid asset, which includes currency, deposit accounts, and negotiable instruments (e.g., money orders, cheque, bank drafts). Short-term investments – include securities bought and held for sale in the near future to generate income on short-term price differences (trading securities)
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