Principles of Money And Banking a Series of Selected Materials
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(Henry Holt & Co. , 1910. ) I30 PRINCIPLES OF MONEY AND BANKING tion of these balances results in making a given community either a debtor of or a creditor to other communities. It is for the adjust- ment of these debit and credit balances that shipments of money from place to place are made.
At this point the queries naturally arise whether the money funds of a community may not be completely exhausted by the payment of adverse balances and how much is required for this purpose. An examination... of the various elements which determine the balance of indebtedness will show that there is no danger either of the exhaustion of money funds or of their reduction below minimum requirements. The balance of trade, the balance of loans, and the balance of invest- ments are all three adjustable. Long before a community could be deprived of the minimum amount of cash needed for bank reserves and hand-to-hand money, prices, interest rates, and opportunities for profitable investments would have so changed as to annihilate the unfavorable balance.
What to read after Principles of Money And Banking a Series of Selected Materials?
You can find similar books in the "Read Also" column, or choose other free books by Moulton, Harold Glenn, 1883-1965 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(Henry Holt & Co. , 1910. ) I30 PRINCIPLES OF MONEY AND BANKING tion of these balances results in making a given community either a debtor of or a creditor to other communities. It is for the adjust- ment of these debit and credit balances that shipments of money from place to place are made.
At this point the queries naturally arise whether the money funds of a community may not be completely exhausted by the payment of adverse balances and how much is required for this purpose. An examination... of the various elements which determine the balance of indebtedness will show that there is no danger either of the exhaustion of money funds or of their reduction below minimum requirements. The balance of trade, the balance of loans, and the balance of invest- ments are all three adjustable. Long before a community could be deprived of the minimum amount of cash needed for bank reserves and hand-to-hand money, prices, interest rates, and opportunities for profitable investments would have so changed as to annihilate the unfavorable balance.
What to read after Principles of Money And Banking a Series of Selected Materials?
You can find similar books in the "Read Also" column, or choose other free books by Moulton, Harold Glenn, 1883-1965 to read onlineMoreLess
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