British War Finance And the Consequences
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In our eReader you can find the full English version of the book. Read British War Finance And the Consequences Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book British War Finance And the Consequences
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To quickly assess the difficulty of the text, read a short excerpt:
It was ^lot, of course, the sole or direct mode of correcting the adverse exchanges.
Emphasis has been laid on this aspect of the (juestion, because, ^o far as I can trace, the ex- change question was the main problem which influenced the Government Jn its policy of interference in the money market during the war. ■■>>• The main features of this policy were the creation and sale? of short-dated Government securities, in the shape of Treasury Bills, and the borrowing by the Government, at fixed ...rates, "of bankers' surplus balances. The Treasury Bills were sold, for the first time at the Bank of Eng- land, at advertised rates, on 15th April, 1915.
The rates were so fixed and the Goveirnment's power of money absorption so great that from this date the price of Treasury Bills governed the rate of money in the London market. All surplus funds were invested in these three, six, nine or twelve months' bills, and the money lenders were very glad to have such an attractive investment for their surpluses.
What to read after British War Finance And the Consequences?
You can find similar books in the "Read Also" column, or choose other free books by Kiernan, Thomas J to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It was ^lot, of course, the sole or direct mode of correcting the adverse exchanges.
Emphasis has been laid on this aspect of the (juestion, because, ^o far as I can trace, the ex- change question was the main problem which influenced the Government Jn its policy of interference in the money market during the war. ■■>>• The main features of this policy were the creation and sale? of short-dated Government securities, in the shape of Treasury Bills, and the borrowing by the Government, at fixed ...rates, "of bankers' surplus balances. The Treasury Bills were sold, for the first time at the Bank of Eng- land, at advertised rates, on 15th April, 1915.
The rates were so fixed and the Goveirnment's power of money absorption so great that from this date the price of Treasury Bills governed the rate of money in the London market. All surplus funds were invested in these three, six, nine or twelve months' bills, and the money lenders were very glad to have such an attractive investment for their surpluses.
What to read after British War Finance And the Consequences?
You can find similar books in the "Read Also" column, or choose other free books by Kiernan, Thomas J to read onlineMoreLess
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