27 lines
702 B
Markdown
27 lines
702 B
Markdown
|
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-02 -->
|
||
|
|
|
||
|
|
# Public Bank Revenue
|
||
|
|
|
||
|
|
## Definition
|
||
|
|
|
||
|
|
The income generated by a sovereign through the operation of a public bank,
|
||
|
|
derived from the difference between the interest charged on loans and the
|
||
|
|
interest paid on deposits, plus any management fees and profits from banking
|
||
|
|
operations.
|
||
|
|
|
||
|
|
## Source Chapter
|
||
|
|
|
||
|
|
Book V, Chapter 2
|
||
|
|
|
||
|
|
## Context
|
||
|
|
|
||
|
|
Smith discusses how public banks in cities like Hamburg, Venice, and Amsterdam
|
||
|
|
have provided revenue to their respective governments, noting that such
|
||
|
|
institutions require careful management to be successful.
|
||
|
|
|
||
|
|
## Economic Domain
|
||
|
|
|
||
|
|
General Theory
|
||
|
|
|
||
|
|
---
|