Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 28
... silver certificate , which provides the bulk of our one dollar bills , is the best illustration of repre- sentative token money . Silver certificates are issued against the de- posit of silver dollars by individuals or against purchase of ...
... silver certificate , which provides the bulk of our one dollar bills , is the best illustration of repre- sentative token money . Silver certificates are issued against the de- posit of silver dollars by individuals or against purchase of ...
Page 47
... silver interests is evident in the Pittman Act of 1918 , which was designed to conserve our gold reserves and to meet adverse trade balances with the Orient by the export of silver rather than gold . It provided for the retirement of silver ...
... silver interests is evident in the Pittman Act of 1918 , which was designed to conserve our gold reserves and to meet adverse trade balances with the Orient by the export of silver rather than gold . It provided for the retirement of silver ...
Page 337
... silver and ( 2 ) paper money and coin . We shall deal with each of these groups in turn . Silver Policy The Treasury is the custodian of the nation's monetary reserves held in the form of silver . Under the Act of July 31 , 1946 , the ...
... silver and ( 2 ) paper money and coin . We shall deal with each of these groups in turn . Silver Policy The Treasury is the custodian of the nation's monetary reserves held in the form of silver . Under the Act of July 31 , 1946 , the ...
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