The Economics of Money and Banking

amount bank notes banking system behavior bimetallic borrowing branch banking cash central banks changes chapter checking deposits circulation coin and currency commercial banks consumption coöperation Corporation cost countries creditors decline decrease deposit account discount dollar economic effect example exchange rates expansion expenditures exports factors Federal Reserve banks Federal Reserve System financial institutions fluctuations foreign money full-bodied money functions funds gold standard holdings important increase interest rates investment issued lending liabilities loans and securities member bank reserves ment metal million monetary authorities monetary gold stock monetary policy monetary system monetary unit money income money supply national banks nonmonetary operations ounce outstanding paper money percent period price levels production purchasing power purposes redeem reduce relative reserve requirements restrictions rise savings sell silver stabilization store of value tend terms of gold tion token coins trade Treasury currency types of money various volume York