Money and Banking: An Introduction to the Financial System |
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Page 654
... American banker's account with the proceeds . At the time the American banker buys a commercial sight bill , he can sell a “ check " for a similar amount to an Ameri- can debtor who has a payment to make in England . Thus , the two ...
... American banker's account with the proceeds . At the time the American banker buys a commercial sight bill , he can sell a “ check " for a similar amount to an Ameri- can debtor who has a payment to make in England . Thus , the two ...
Page 656
... American by for- eigners Noncommercial Expenditures of United States tourists abroad Remittances by Americans to in- dividuals or institutions abroad 3. Capital Transactions American purchases of foreign securities Short - term loans by ...
... American by for- eigners Noncommercial Expenditures of United States tourists abroad Remittances by Americans to in- dividuals or institutions abroad 3. Capital Transactions American purchases of foreign securities Short - term loans by ...
Page 662
... American residents result from the use of American capital located in foreign countries . Emigrant remittances to people in the United States have not bulked large in this coun- try's balance of payments . These transactions are ...
... American residents result from the use of American capital located in foreign countries . Emigrant remittances to people in the United States have not bulked large in this coun- try's balance of payments . These transactions are ...
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 equilibrium 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 hold 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 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