Principles of Money and Banking: A Series of Selected MaterialsUniversity of Chicago Press, 1916 - 785 pages |
From inside the book
Results 1-5 of 100
Page xv
... falling or rising price- levels . Creditors have wished falling prices , or at least opposed a depreciation of the standard , while debtors have frequently desired a cheaper standard of deferred payments . But this question of changing ...
... falling or rising price- levels . Creditors have wished falling prices , or at least opposed a depreciation of the standard , while debtors have frequently desired a cheaper standard of deferred payments . But this question of changing ...
Page xxi
... fall in the value of the standard results in , or is tantamount to , rising prices , and vice versa , and that a ... falls , and that such change may be independent of any offering of money in exchange for goods ; the other holding that ...
... fall in the value of the standard results in , or is tantamount to , rising prices , and vice versa , and that a ... falls , and that such change may be independent of any offering of money in exchange for goods ; the other holding that ...
Page 9
... fall into the mistake of supposing that money is to be thought of as a medium of exchange only when , and in so far as , it carries an exchange transaction completely through its three stages . Doubtless money has not entirely performed ...
... fall into the mistake of supposing that money is to be thought of as a medium of exchange only when , and in so far as , it carries an exchange transaction completely through its three stages . Doubtless money has not entirely performed ...
Page 11
... fall . Indeed , it is often stated that a fall in the value of gold is a rise in prices , since it is by means of rising prices that the fall in value mani- fests itself . At any rate this general price relation or equation is ...
... fall . Indeed , it is often stated that a fall in the value of gold is a rise in prices , since it is by means of rising prices that the fall in value mani- fests itself . At any rate this general price relation or equation is ...
Page 14
... falls to the ground . Money does not get hanged . Money is the best bait to fish for men with . Money is the soul of business . Money is a universal language , speaking any tongue . If you have money , take a seat ; If you have none ...
... falls to the ground . Money does not get hanged . Money is the best bait to fish for men with . Money is the soul of business . Money is a universal language , speaking any tongue . If you have money , take a seat ; If you have none ...
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Common terms and phrases
¹ Adapted amount assignats associations bank notes bankers bills of credit bimetallism bonds borrower bullion capital cash cent certificates checks circulation cities clearing-house commercial paper commodities Congress contract debts demand denominator depositors deposits depreciation discount economic export farm farmers Federal Reserve Act Federal Reserve Bank Federal Reserve Board functions funds gold and silver gold coin gold standard grains greenbacks Gresham's law important increase index number indorsement industry investment issue labor legal tender legal-tender less liabilities loans medium of exchange member banks ment merchant monetary mortgage national banks obligations operation paid paper money payable period practice precious metals present production profit purchase purpose quantity ratio receipts received redeemed redemption result seignorage sell silver coins silver dollar specie supply tion token coins trade transactions trust companies United United States notes York
Popular passages
Page 209 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 278 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes or "greenbacks" are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 260 - 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.
Page 308 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Page 461 - 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...
Page 209 - 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.
Page 292 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions...
Page 247 - There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.
Page 209 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 419 - ... shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...