Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 437
... quantity of coin and currency and “ under any given conditions of industry and civilization deposits tend to hold a fixed or normal ratio to money in circulation . " 8 5. Since a ... quantity QUANTITY THEORY - TRANSACTIONS APPROACH 437.
... quantity of coin and currency and “ under any given conditions of industry and civilization deposits tend to hold a fixed or normal ratio to money in circulation . " 8 5. Since a ... quantity QUANTITY THEORY - TRANSACTIONS APPROACH 437.
Page 447
... Quantity Theory The HE strict interpretation of the quantity theory discussed in the last chapter - namely , that changes in the stock of money bring about proportional ... quantity theory itself 447 The Evolution from the Quantity Theory.
... Quantity Theory The HE strict interpretation of the quantity theory discussed in the last chapter - namely , that changes in the stock of money bring about proportional ... quantity theory itself 447 The Evolution from the Quantity Theory.
Page 448
... quantity theory itself can be sum- marized under four heads . The Concept of the General Price Level The quantity theory made little attempt to distinguish between the effect of a varying money stock on different sections of the economy ...
... quantity theory itself can be sum- marized under four heads . The Concept of the General Price Level The quantity theory made little attempt to distinguish between the effect of a varying money stock on different sections of the economy ...
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