Money and Banking: An Introduction to the Financial System |
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Page 389
... rise . To take another example , let us assume that an individual borrowed $ 2,000 and used this money to purchase an automobile . The price of a car doubles , and the man now has an asset worth $ 4,000 . He can either keep his bargain ...
... rise . To take another example , let us assume that an individual borrowed $ 2,000 and used this money to purchase an automobile . The price of a car doubles , and the man now has an asset worth $ 4,000 . He can either keep his bargain ...
Page 562
... rise and bond prices fall . The direct effect of these measures is to restrict the amount of spending which depends upon borrowed funds . The principal source of short- and intermediate - term credit are the commercial banks . When ...
... rise and bond prices fall . The direct effect of these measures is to restrict the amount of spending which depends upon borrowed funds . The principal source of short- and intermediate - term credit are the commercial banks . When ...
Page 638
... rise in interest . rates ; since interest is an element of cost , the rise in it simply ag- gravates the rise in prices . If this implication is accepted , two others follow : ( 1 ) inflation cannot be prevented without restraint on the ...
... rise in interest . rates ; since interest is an element of cost , the rise in it simply ag- gravates the rise in prices . If this implication is accepted , two others follow : ( 1 ) inflation cannot be prevented without restraint on the ...
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