Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 338
... Treasury can boost bank reserves even more than is illus- trated in our example . We assumed the Treasury issued silver cer- tificates against the cost of the silver purchased ( 90.5 cents per fine ounce ) . Under the law the Treasury ...
... Treasury can boost bank reserves even more than is illus- trated in our example . We assumed the Treasury issued silver cer- tificates against the cost of the silver purchased ( 90.5 cents per fine ounce ) . Under the law the Treasury ...
Page 340
... Treasury builds up its balances with the Reserve banks by depositing checks of individuals directly with the Reserve banks and / or drawing down its accounts with commercial banks . Conversely , the Treasury can make bank reserves more ...
... Treasury builds up its balances with the Reserve banks by depositing checks of individuals directly with the Reserve banks and / or drawing down its accounts with commercial banks . Conversely , the Treasury can make bank reserves more ...
Page 372
... Treasury are restated here because the presentation of Treasury statistics does not conform to the standard asset and liability account . In Table A - 3 Treasury currency outstanding refers to the assets that the Treasury holds as ...
... Treasury are restated here because the presentation of Treasury statistics does not conform to the standard asset and liability account . In Table A - 3 Treasury currency outstanding refers to the assets that the Treasury holds as ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect employment excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank national income open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York