Money and BankingAppleton, 1920 - 515 páginas |
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Resultados 1-5 de 82
Página 9
... important quality of sta- bility . Even gold fails to retain perfect stability of value . It is subject to less fluctuation in value than most other commodities , however , and so is best suited to serve as standard money . Long ...
... important quality of sta- bility . Even gold fails to retain perfect stability of value . It is subject to less fluctuation in value than most other commodities , however , and so is best suited to serve as standard money . Long ...
Página 13
... importance , though having but limited circulation , are such media as checks and drafts which represent bank deposits and which are transferred between other than the original parties only by indorse- ment . This group includes also ...
... importance , though having but limited circulation , are such media as checks and drafts which represent bank deposits and which are transferred between other than the original parties only by indorse- ment . This group includes also ...
Página 14
... important element of the medium of exchange . 10. Measure of value . - Closely linked with the service of money as a medium of exchange is its function as a meas- ure of value . In its earliest forms money was a commodity desired by ...
... important element of the medium of exchange . 10. Measure of value . - Closely linked with the service of money as a medium of exchange is its function as a meas- ure of value . In its earliest forms money was a commodity desired by ...
Página 16
... important , therefore , that the stand- ard shall possess comparative stability of value . But no commodity , not even gold , has perfect stability of value . Since every commodity is subject to changes in the condi- tions affecting its ...
... important , therefore , that the stand- ard shall possess comparative stability of value . But no commodity , not even gold , has perfect stability of value . Since every commodity is subject to changes in the condi- tions affecting its ...
Página 19
... important , perhaps , is the greater stability of value of a double standard . They claim that since gold and sil- ver are produced under different conditions and are used for different purposes , fluctuations in their respective values ...
... important , perhaps , is the greater stability of value of a double standard . They claim that since gold and sil- ver are produced under different conditions and are used for different purposes , fluctuations in their respective values ...
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Términos y frases comunes
acceptances amendment amount assets authorized balance Bank of England bank's bankers banking system bill of lading bills of exchange borrower broker bullion capital and surplus capital stock cash cent central reserve centum charter checks clearing house collateral collection commercial bank commercial paper Comptroller corporation country banks currency customers demand depositors deposits discount district drafts drawn eral reserve exports face type indicates Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal reserve system foreign exchange funds gold certificates gold reserve increase index number indorsement investment legal tender liabilities member banks ment NOTE-Bold face type notes issued officers operations organization paid payable payment profit purchase receive redeem redemption rediscount regulations savings banks Secretary seigniorage sell serve banks silver dollars standard stockholders teller tion transactions Treasury trust companies United York
Pasajes populares
Página 496 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Página 501 - That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Página 389 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Página 472 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity...
Página 458 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on...
Página 256 - Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank.
Página 497 - State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local institutions in foreign countries, or in such dependencies or insular possessions.
Página 496 - The stockholders in any national banking association who shall have transferred their shares or registered the transfer thereof within sixty days next before the date of the failure of such association to meet its obligations, or with knowledge of such impending failure, shall be liable to the same extent as if they had made no such transfer, to the extent that the subsequent transferee fails to meet such liability...
Página 477 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months sight to run, exclusive of days of grace, which grow out of transactions involving the importation or exportation of goods; or which grow out of transactions involving the domestic shipment of goods provided shipping documents conveying or securing title are attached at the time of acceptance; or which are secured at the time of acceptance by a warehouse receipt or other such document conveying or...
Página 453 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.