Money and Banking: An Introduction to the Financial System |
From inside the book
Results 1-3 of 92
Page 167
... amount roughly equal to its excess reserves and no more . The above statement appears to be paradoxical . On the one hand , deposits are always several times as large as reserves . On the other hand , we have said an individual bank ...
... amount roughly equal to its excess reserves and no more . The above statement appears to be paradoxical . On the one hand , deposits are always several times as large as reserves . On the other hand , we have said an individual bank ...
Page 170
... amount equal to its excess reserves , $ 80,000 , it has created the maximum amount of deposits possible with the reserves it has and the legal reserve requirement of 20 percent of deposit liabilities . Clearing House Drain It should be ...
... amount equal to its excess reserves , $ 80,000 , it has created the maximum amount of deposits possible with the reserves it has and the legal reserve requirement of 20 percent of deposit liabilities . Clearing House Drain It should be ...
Page 172
... amount equal to its excess reserves , for the banking system as a whole the effect of a net new deposit of say $ 100,000 at Bank 1 does not end when that bank places $ 20,000 of it in reserve and lends $ 80,000 , the amount of its ...
... amount equal to its excess reserves , for the banking system as a whole the effect of a net new deposit of say $ 100,000 at Bank 1 does not end when that bank places $ 20,000 of it in reserve and lends $ 80,000 , the amount of its ...
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