Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 448
... effect of money on the economy is not so much a question of its effect on prices in general as a ques- tion of its effect on the relative structure of prices . It is through a distortion of relative prices and the consequent changes in ...
... effect of money on the economy is not so much a question of its effect on prices in general as a ques- tion of its effect on the relative structure of prices . It is through a distortion of relative prices and the consequent changes in ...
Page 573
... effect on the flow of spending and income , a government surplus or deficit has important effects on bank reserves and on the supply of money . The exact nature of the effect will de- pend on just how a deficit is financed or what is ...
... effect on the flow of spending and income , a government surplus or deficit has important effects on bank reserves and on the supply of money . The exact nature of the effect will de- pend on just how a deficit is financed or what is ...
Page 696
... effect on the domestic price level , taking effect almost exclusively on the for- eign exchanges , which naturally followed the change in the metal con- tent . " ( J. M. Clark , Social Control of Business , 2d ed . , New York , 1939 , p ...
... effect on the domestic price level , taking effect almost exclusively on the for- eign exchanges , which naturally followed the change in the metal con- tent . " ( J. M. Clark , Social Control of Business , 2d ed . , New York , 1939 , p ...
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