(3) SOLD TO STATEMENT Cherokee, Alabama, 8/13, 1920 THE JACOB DRUG COMPANY Miss Johnson 2618 Spring Street Acct. Rendered (5) THE J. & K. ALLEN COMPANY MONTH OF June, 1920 D. THE MAKING OF MONTHLY STATEMENTS From the memoranda given below make out in correct E. USE OF MONEY AND BANKS IN BUSINESS I. What Gives Money Its Value? 1. (a) You have learned that bills are paid either in cash or by check. (b) What is money? (c) Why is it needed? (d) What was used for money by the early American settlers in trading with the Indians? (e) Name different articles that different peoples have used as money. (f) What makes a little slip of paper worth one, five, ten, or more dollars, just because the Govern ment has marked it so? (g) Are people always willing to accept paper money or currency instead of gold or silver? (h) Has there ever been a time in the history of our country when certain paper money would not be accepted? Why? 2. (a) Primitive people have different ways of hiding their money. Can you tell about some of them? (b) Among civilized people, certain men go into the business of keeping other persons' money safe. Such men are bankers. (c) Their business is banking. (d) Their place of business is called a bank. (e) Describe some bank and tell how the money is kept safe. (f) Inquire of some business men the difference be tween private banks, state banks, national banks, and Federal Reserve banks. (g) Which kind is the safest? |