Readings in Money and BankingMacmillan, 1916 - 845 Seiten |
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Seite 19
... reason first inducing people to accept the money . The force of habit , convention , or legal enactment may do much to maintain money in circulation when once it is afloat , but it is doubtful whether the most powerful government could ...
... reason first inducing people to accept the money . The force of habit , convention , or legal enactment may do much to maintain money in circulation when once it is afloat , but it is doubtful whether the most powerful government could ...
Seite 20
... reason to suppose that the value of gold and silver is at present due solely to their conventional use as money . These metals are endowed with such singu- larly useful properties that , if we could only get them in suffi- cient ...
... reason to suppose that the value of gold and silver is at present due solely to their conventional use as money . These metals are endowed with such singu- larly useful properties that , if we could only get them in suffi- cient ...
Seite 21
... reason to think that gold and silver have been admired and valued by all tribes which have been lucky enough to procure them . The beautiful lustre of these metals must have drawn attention and excited admiration as much in the earliest ...
... reason to think that gold and silver have been admired and valued by all tribes which have been lucky enough to procure them . The beautiful lustre of these metals must have drawn attention and excited admiration as much in the earliest ...
Seite 27
... reasons that governed the selection of the same article as a standard . The whole history of money shows that the standard article was the one which had utility to the community using it . As the evolu- tion of the money commodity went ...
... reasons that governed the selection of the same article as a standard . The whole history of money shows that the standard article was the one which had utility to the community using it . As the evolu- tion of the money commodity went ...
Seite 31
... reason that it ceases to give value , and this is why history has shown so many instances where money endowed with legal - tender power has become utterly value- less . The legal - tender money is no longer money if it will not secure ...
... reason that it ceases to give value , and this is why history has shown so many instances where money endowed with legal - tender power has become utterly value- less . The legal - tender money is no longer money if it will not secure ...
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Häufige Begriffe und Wortgruppen
61st Congress accept agricultural American amount balances bank notes Bank of England Bank of France bank reserves bankers banking system bimetallic bonds borrowers branch banks branches bullion capital cash cause cent certificates clearing house clearing-house coin commercial commercial paper commodities country banks crisis currency customers debt demand depositors deposits directors discount dollars drafts effect equation of exchange export fact farmers Federal Reserve Act Federal Reserve Banks Federal Reserve Board funds Germany gold Government important increase industrial institutions investment legal tender legal-tender less liabilities loans London member banks ment metal monetary mortgage national banks National Monetary Commission note issue operations panic paper payment period postal savings production profits purchase rate of interest received rediscount Reichsbank savings banks securities sell silver standard supply surplus tion trade transactions Treasury trust companies United
Beliebte Passagen
Seite 128 - ... whenever the lawful money of any other association shall be below fifteen per centum of its circulation and deposits, such association shall not increase its liabilities by making any new loans or discounts...
Seite 5 - It must be evident, however, that the mere introduction of a particular mode of exchanging things for one another, by first exchanging a thing for money, and then exchanging the money for something else, makes no difference in the essential character of transactions.
Seite 832 - ... bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values.
Seite 390 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Seite 454 - ... not operate as an assignment of any part of the fund to the credit of the drawer, with the bank, and...
Seite 6 - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labour. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it : and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.
Seite 55 - And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Seite 436 - Pitt on the 7th instant, for the appointment of a committee of the House of Commons, to inquire into the state of...
Seite 835 - The Federal Reserve Board shall make and promulgate from time to time regulations governing the transfer of funds and charges therefor among Federal reserve banks and their branches, and mav at its discretion exercise the functions of a clearing house for such Federal reserve banks, or may designate a Federal reserve bank to exercise such functions, and may also require each such bank to exercise the functions of a clearing house for its member banks.
Seite 90 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.