Principles of Money and Banking: A Series of Selected MaterialsUniversity of Chicago Press, 1916 - 785 Seiten |
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Seite xxi
... metal in which prices are measured rises or falls , and that such change may be independent of any offering of money in exchange for goods ; the other holding that money and goods constitute the opposite sides of an equation of exchange ...
... metal in which prices are measured rises or falls , and that such change may be independent of any offering of money in exchange for goods ; the other holding that money and goods constitute the opposite sides of an equation of exchange ...
Seite 4
... metal or printed paper money . This universal measuring of things in terms of dollars and cents has placed money in a position of unique importance in the industrial system . The desire to make money appears to be the mainspring of ...
... metal or printed paper money . This universal measuring of things in terms of dollars and cents has placed money in a position of unique importance in the industrial system . The desire to make money appears to be the mainspring of ...
Seite 7
... metal , or any commodity , is not and never can be an unvarying measure of the relations of that metal or com- modity to other commodities which are constantly changing relatively to each other . The very commodity chosen as a standard ...
... metal , or any commodity , is not and never can be an unvarying measure of the relations of that metal or com- modity to other commodities which are constantly changing relatively to each other . The very commodity chosen as a standard ...
Seite 8
... metal chosen as the common denominator is not necessarily used as the medium of exchange . If gold , for instance , is chosen as the common denominator by a country , it does not at all follow that gold is used in all the transactions ...
... metal chosen as the common denominator is not necessarily used as the medium of exchange . If gold , for instance , is chosen as the common denominator by a country , it does not at all follow that gold is used in all the transactions ...
Seite 11
... metal , of which 23.22 grains is gold and the remainder copper alloy . To express the value of another commodity in terms of money , there- fore , we always compare a certain quantity of it , as a pound , bushel , or yard , with 25.8 ...
... metal , of which 23.22 grains is gold and the remainder copper alloy . To express the value of another commodity in terms of money , there- fore , we always compare a certain quantity of it , as a pound , bushel , or yard , with 25.8 ...
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Häufige Begriffe und Wortgruppen
¹ Adapted amount assignats associations bank notes bankers bills of credit bimetallism bonds borrower bullion capital cash cent certificates checks circulation cities clearing-house commercial paper commodities Congress contract debts demand denominator depositors deposits depreciation discount economic export farm farmers Federal Reserve Act Federal Reserve Bank Federal Reserve Board functions funds gold and silver gold coin gold standard grains greenbacks Gresham's law important increase index number indorsement industry investment issue labor legal tender legal-tender less liabilities loans medium of exchange member banks ment merchant monetary mortgage national banks obligations operation paid paper money payable period practice precious metals present production profit purchase purpose quantity ratio receipts received redeemed redemption result seignorage sell silver coins silver dollar specie supply tion token coins trade transactions trust companies United United States notes York
Beliebte Passagen
Seite 209 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Seite 278 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes or "greenbacks" are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Seite 260 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Seite 308 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Seite 461 - Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Seite 209 - 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 292 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions...
Seite 247 - There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.
Seite 209 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Seite 419 - ... shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...