The Economics of Money, Credit and Banking

acceptances aggregate American amount assets balances bank credit bank notes bank reserves banker banking system bill of exchange bonds borrower business enterprises cash central bank chapter checks circulation clearing house commercial banks commercial paper house common money consumptive credit corporation credit instruments currency demand depositors deposits discount discussion dollars economic existence fact Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve notes Federal Reserve System finance company foreign exchange functions gold standard important income increase individual institutions investment banking issue J. M. Keynes large number lender loans London medium of payments member bank ment money market mortgage national banks obtain open market operations parity period price level problem profit purchase purpose quantity rate of interest received regard reserve ratio savings banks securities sell silver tend tion transactions trust United volume of credit York