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This section is from the Economics In Two mints: Volume II. Modern Economic Problems book, by Frank A. Fetter. Also in stock(predicate) from Amazon: Economic
Chapter 11. Institutions For delivery And Investment
§ 1. The nature of prudence. § 2. Economic limit of saving. § 3. mercantile bank deposits of an investment nature. § 4. Investment banking and bond houses. § 5. Savings banks in the United States. § 6. Security for thrift. § 7. Postal savings plan. § 8. Advantages and limitations of postal savings. § 9. battle array of savings and education in thrift. § 10. Building and loan associations. § 11. The chief(prenominal) features. § 12. The continuous plan. § 13. The distribution of profits. § 14. Possible developments of savings institutions.
§ 1. The nature of saving. The motives touch off different classes of lenders may, for our present purpose, be reduced to two: to submit the expenditure of income, and to obtain a net income from wealth (or investment). Saving always is relative to a particular period and is for much or less distant ends.
The child saves its pennies to go to the carnival next week, the working girl saves her dimes for a new chapeau next spring, the earnest high-school pupil saves to go to college next year, and the longsighted man saves for his familys future needs and for his own old age. scarcely always, to constitute saving, there must be for the time a net result : the excess of income over consumptive trounce in that period. This is easily distinguishable from various forms of pseudo-saving of which many persons who ar really spending all their incomes are very proud. such(prenominal) forms are: planning to buy a particular amour and then deciding not to do so, but purchasing something else; finding the price less than was expected, and thereupon using this so-called saving for another purpose; spending less than some angiotensin converting enzyme else for a particular purpose, such as food, but offsetting this by larger outlay for another purpose, such as clothing;...If you want to get a full essay, order it on our website: Ordercustompaper.com
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