Money and Banking |
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Page 111
... securities . By underwrite is meant , in this case , that the investment banker buys the securities from the issuing corporation and then sells them to the public , making its profit like any other merchant on the spread between its ...
... securities . By underwrite is meant , in this case , that the investment banker buys the securities from the issuing corporation and then sells them to the public , making its profit like any other merchant on the spread between its ...
Page 114
... securities are correspondingly lower than those on comparable but taxable securities . The idea behind making municipal securities tax exempt is to provide an indirect subsidy ( in the form of lower interest rates ) to the issuing body ...
... securities are correspondingly lower than those on comparable but taxable securities . The idea behind making municipal securities tax exempt is to provide an indirect subsidy ( in the form of lower interest rates ) to the issuing body ...
Page 185
... securities : United States government bonds , munici- pal securities , and so - called agency bonds . United States Government Bonds As noted , bank - held United States government securities maturing within one year should probably be ...
... securities : United States government bonds , munici- pal securities , and so - called agency bonds . United States Government Bonds As noted , bank - held United States government securities maturing within one year should probably be ...
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accounts amount analysis assets average balance of payments bank reserves bank's bankers banking system banks per town bond borrowing branch banking capital cash Chapter coefficient commercial banks corporations currency curve decrease demand deposits demand for money dollars economists economy employment equilibrium example excess reserves exchange rate FDIC Federal Reserve System Figure financial institutions function funds gold government securities holding companies increase inflation interest rates investment investor issue Keynesian liabilities liquidity long-term maturity member bank reserves merger million monetary policy money market money supply national banks national income number of banks open market operations percent portfolio profit quantity of money quantity theorists question rate of interest real bills doctrine real sector regression analysis regression equation relationship reserve requirements S&Ls savings deposits schedule sell short-term statistical Table tion transactions Treasury bills unit banking United States government yield curve