A Friendly Conversation

Introduction

Before investing in a book, you should ask whether it’s really worth the effort. The answer depends on what you bring to the undertaking, To assist you in forming a preliminary judgment, we present a mythical conversation among three reasonably well-informed friends. The conversation concerns banking. It covers a few of the topics that we deal with in this book, but certainly not all of them. To us, this conversation raises more questions than it answers, rather than illuminating any specific issues. Its principal objective is to provide a test of how much students know about banking at the outset, and then perhaps to see how much they have learned in the course. So we recommend that this chapter be discussed ...

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