Money and BankingLongmans, Green and Company, 1941 - 845 páginas |
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Página 30
... tion as money , but it will circulate only at a premium which is sufficiently high to keep it from being put to other uses . Gresham's law and the bimetallic standard . It is a well - known fact in history that countries operating under ...
... tion as money , but it will circulate only at a premium which is sufficiently high to keep it from being put to other uses . Gresham's law and the bimetallic standard . It is a well - known fact in history that countries operating under ...
Página 53
... tion of the Constitution in 1789. When the Constitution had been finally approved , the House of Representatives , in 1790 , directed Alexander Hamilton to prepare a plan for a national mint . The majority of his recommendations , which ...
... tion of the Constitution in 1789. When the Constitution had been finally approved , the House of Representatives , in 1790 , directed Alexander Hamilton to prepare a plan for a national mint . The majority of his recommendations , which ...
Página 138
... tion was lacking as well . ― Lack of uniformity . - As notes were issued by a heteroge- neity of state banks , they were not uniform in design and were easily counterfeited . Counterfeiting became an art in this country toward the close ...
... tion was lacking as well . ― Lack of uniformity . - As notes were issued by a heteroge- neity of state banks , they were not uniform in design and were easily counterfeited . Counterfeiting became an art in this country toward the close ...
Conteúdo
CHAPTER PAGE I THE NATURE AND FUNCTIONS OF MONEY | 3 |
MONETARY STANDARDS AND SYSTEMS | 22 |
MONETARY DEVELOPMENT IN THE UNITED STATES | 50 |
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acceptance American amount assets balances bank credit Bank of England bank reserves bank's banker Banking Act banking system bills bonds borrower branch banking bullion capital cash cent central bank chapter check currency circulation collection commercial banking commercial paper commodity Corporation credit money customers demand deposits depositors dollar draft drawee excess reserves exporter Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve notes Federal Reserve System financing foreign exchange functions funds gold standard hand-to-hand money important increase individual banks institutions latter lawful money letter of credit liabilities liquidity maintain maturity member banks ment monetary necessary obtain open market operation payment period permitted price level profit purchase purpose received redemption reserve city reserve requirements result secondary reserve sell silver standard money surplus tion trade transactions Treasury trust companies United value of money York banks