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The Theory of Money
The Evolution of
18 other sections not shown
accept activity actual assets authority balance bank's banking system bonds borrow capital cash cause central bank changes charter circulation clearing commodity continued costs countries crises currency demand deposits discussion dollar economic effect established evidence example excess exchange existing expected failures fall Federal Reserve free banking funds gold standard growth History hold important income increase individuals industry inflation institutions interest investment issue less limited loans losses major means ment Michigan monetary national banks natural rate notes operations original panics payments percent period position possible present price level problem production profits purchasing reason reduce regulation relative resort restrictions result rise rule savings securities serve stability theory tion trade unemployment United wages York