Money and BankingAppleton, 1914 - 439 páginas |
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Página 2
... tion . Most of the wealth produced is intended to be ex- changed . Our whole economic structure is based upon the exchange of goods and services . This process of exchange involves the economic phenomena of value , price , money , and ...
... tion . Most of the wealth produced is intended to be ex- changed . Our whole economic structure is based upon the exchange of goods and services . This process of exchange involves the economic phenomena of value , price , money , and ...
Página 4
... tion here is that it will be paid in money , and the promise to pay is regarded as the full equivalent of the thing being sold . If the promise to pay is put in the form of a promis- sory note , it immediately becomes a valuable medium ...
... tion here is that it will be paid in money , and the promise to pay is regarded as the full equivalent of the thing being sold . If the promise to pay is put in the form of a promis- sory note , it immediately becomes a valuable medium ...
Página 7
... tion lead as having been used as currency . In this country the Massachusetts settlers used lead bullets for change , at the rate of a farthing each . In the days of the Roman Emperors , series of tin coins were issued , and tin half ...
... tion lead as having been used as currency . In this country the Massachusetts settlers used lead bullets for change , at the rate of a farthing each . In the days of the Roman Emperors , series of tin coins were issued , and tin half ...
Página 14
... tion as a medium of exchange.1 A standard is used to measure value ; a medium of exchange is used to transfer value . It is quite possible , of course , that one kind of money may be used as a medium of exchange while an- other serves ...
... tion as a medium of exchange.1 A standard is used to measure value ; a medium of exchange is used to transfer value . It is quite possible , of course , that one kind of money may be used as a medium of exchange while an- other serves ...
Página 19
... tion ; that gold may be cheapening while silver is enhancing in value , and that these movements in opposite directions tend to keep the two metals from varying greatly from the legal ratio . It is undoubtedly true that the relative ...
... tion ; that gold may be cheapening while silver is enhancing in value , and that these movements in opposite directions tend to keep the two metals from varying greatly from the legal ratio . It is undoubtedly true that the relative ...
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Términos y frases comunes
accept accounts amount assets balance bank act Bank of England bank reserves bank's bankers banking system bill of lading bills of exchange borrower broker bullion call loans capital stock cash cashier cent central reserve certificates charge charter checks circulating notes city banks clearing house clerk coinage collateral collection commercial bank commercial paper Comptroller country banks currency customers debts demand depositors deposits directors discount district draft drawn established exports Federal Reserve Act Federal reserve bank Federal Reserve Board Federal reserve notes foreign exchange funds guaranty increase index numbers indorsed investment keep ledger legal tender liabilities London member banks ment Money and Banking note issues officers organization paid pass book payable payment practice profit purchase receipts received redeem redemption rediscount Reichsbank reserve cities savings banks Secretary seigniorage sell standard stockholders supply surplus tion transactions Treasury trust companies United
Pasajes populares
Página 431 - 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 420 - ... notes, drafts, and bills of exchange of factors issued as such making advances exclusively to producers of staple agricultural products in their raw state shall be eligible for such discount; 'but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Página 409 - 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...
Página 433 - 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 421 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve 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...
Página 420 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Página 418 - To grant by special permit to national banks applying therefor, when not in contravention of state or local law...
Página 359 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products or other goods, wares or merchandise from being eligible for such discount ; but such definition shall not include notes, drafts or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities' except bonds and notes of the Government of the United States.
Página 424 - In order to furnish suitable notes for circulation as Federal Reserve notes, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury...
Página 422 - Any Federal reserve bank may make application to the local Federal reserve agent for such amount of the Federal reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances...