Money and Banking: An Introduction to the Financial System |
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Page 51
... currency . In the event the commercial banks ' own stocks of currency fall to dangerously low levels , additional currency can be obtained from FIGURE 3-2 MOVEMENT OF CURRENCY AND COIN Fit currency and THE PRESENT SYSTEM - AN OVERVIEW 51.
... currency . In the event the commercial banks ' own stocks of currency fall to dangerously low levels , additional currency can be obtained from FIGURE 3-2 MOVEMENT OF CURRENCY AND COIN Fit currency and THE PRESENT SYSTEM - AN OVERVIEW 51.
Page 53
... currency wanted with the Federal Reserve agent , who then releases the new currency . If commercial banks accumulate excess stocks of currency , they may return as much as they wish to the Federal Reserve banks . The latter will retire ...
... currency wanted with the Federal Reserve agent , who then releases the new currency . If commercial banks accumulate excess stocks of currency , they may return as much as they wish to the Federal Reserve banks . The latter will retire ...
Page 292
... Currency in Circulation The volume of currency in circulation is the largest " user " of potential bank reserves . Taking the period 1918-1957 as a whole , all of the potential increase in bank reserves supplied by gold inflows and ...
... Currency in Circulation The volume of currency in circulation is the largest " user " of potential bank reserves . Taking the period 1918-1957 as a whole , all of the potential increase in bank reserves supplied by gold inflows and ...
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