Money and BankingH. Holt, 1910 - 377 Seiten |
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... fact that each per- son would have a language of values peculiar to himself and difficult of comprehension by his fellows . This difficul- ty may be illustrated as follows : - Suppose that A is a producer of wheat , B a cattle - breeder ...
... fact that each per- son would have a language of values peculiar to himself and difficult of comprehension by his fellows . This difficul- ty may be illustrated as follows : - Suppose that A is a producer of wheat , B a cattle - breeder ...
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... fact a medium of exchange . In our illustration the medium of exchange obviated the difficulty of exchanging two commodities of unequal value , namely , an ox and a pair of shoes . It is evident that it might also be used as a means of ...
... fact a medium of exchange . In our illustration the medium of exchange obviated the difficulty of exchanging two commodities of unequal value , namely , an ox and a pair of shoes . It is evident that it might also be used as a means of ...
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... fact they are performing the same functions as he , and by means of more complicated machinery they are using credit of substantially the same sort as he . Like his , their book accounts satisfy the three fundamental wants which we have ...
... fact they are performing the same functions as he , and by means of more complicated machinery they are using credit of substantially the same sort as he . Like his , their book accounts satisfy the three fundamental wants which we have ...
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... fact that the medium of exchange is used as a means of saving and that it must pass from hand to hand year in and year out explains the need for durability . Any com- modity which wears out readily would soon lose a portion of its value ...
... fact that the medium of exchange is used as a means of saving and that it must pass from hand to hand year in and year out explains the need for durability . Any com- modity which wears out readily would soon lose a portion of its value ...
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... fact , no other metals are known which possess in the same degree of perfection as these the peculiar combi- nation of qualities required in the manufacture of coins . B. The utility of paper currency . The characteristic feature of ...
... fact , no other metals are known which possess in the same degree of perfection as these the peculiar combi- nation of qualities required in the manufacture of coins . B. The utility of paper currency . The characteristic feature of ...
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Andere Ausgaben - Alle anzeigen
Häufige Begriffe und Wortgruppen
amount balance Bank of England Bank of France bank-notes bank's bankers banking act banking system banks of issue Banques bills of exchange bimetal bimetallism bimetallists bonds branches bullion Canada cash cent charters chief circulation coinage commercial currency debts demand denominations deposits depreciation discount established foreign funds Germany gold and silver gold coins government notes Gresham's law hand-to-hand money History of Banking Imperial Bank important increased investments issue notes joint-stock banks Latin Union liabilities limit loans London medium of exchange ment national banking national banking act National Monetary Commission needs note issues obligations operation paid period precious metals present provinces purchase quantity ratio redeemable redemption regulations reserve securities seigniorage silver coins silver dollars specie payments standard coins standard commodity standard of value supply surplus tion trade transactions Treasury United various wheat York
Beliebte Passagen
Seite 137 - Fourth. Such as it shall purchase at sales under judgments, decrees, or mortgages held by the association, or shall purchase to secure debts due to it. But no such association shall hold the possession of any real estate under mortgage, or the title and possession of any real estate purchased to secure any debts due to it, for a longer period than five years.
Seite 221 - Parliament, and that it shall not be lawful for any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Seite 137 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. "Fourth. Such as it shall purchase at sales under judgments, decrees, or mortgages held by the association, or shall purchase to secure debts due to it.
Seite 203 - All Promissory Notes of the Company, whether issued from the Principal Establishment or from Branch Banks, to bear date at the place of issue, and to be payable on demand in Specie at the place of date.
Seite 221 - Act, that no other bank shall be erected, established, or allowed by parliament, and that it shall not be lawful for any body politic or corporate whatsoever, erected or to be erected, or for any other persons whatsoever united or to be united in covenants or partnership, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable at demand...
Seite 286 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Seite 352 - The Silver Pound and England's Monetary Policy Since the Restoration. Together with the History Of the Guinea. Illustrated by Contemporary Documents.
Seite 156 - The said corporation shall not, directly or indirectly, deal or trade in any thing except bills of exchange, gold or silver bullion, or in the sale of goods really and truly pledged for money lent and not redeemed in due time, or goods which shall be the proceeds of its lands.
Seite 317 - Mint should [46] henceforth be the sole standard measure of value and legal tender for payment, without any limitation of amount...
Seite 217 - ... purchase, or deal in, or lend money or make advances upon the security or pledge of, any share of its own capital stock, or of the capital stock of any bank...