Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ
Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ
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In our eReader you can find the full English version of the book. Read Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ 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 Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ
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(3) No London bank, nor any bank chartered after the Act, was allowed to issue notes. Issues of country banks then existing were limited to ordinary previous circulation.
Summary.
(1) The Bank of England, the first great bank to work out and maintain a system of note-issues based on the credit of the bank, without full coin or bullion guarantee.
(2) It was the first great bank to work out and main- tain a system of treating deposits as loans, and thus to trade with deposits beyond a prudent res...erve.
(3) The " restriction, " with its controversies, have made the economic doctrines of the world in regard to the circulation of an inferior currency, particularly an irredeemable paper currency, by the side of a superior one.
(4) The history of the bank since 1844 has shown how powerfully governments may influence the money market for good or evil.
(5) The English currency to-day is dependent upon its great bank. The English ideal is a coin cur- rency for ordinary transactions, and a note cir- culation for larger affairs.
What to read after Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Sherwood to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(3) No London bank, nor any bank chartered after the Act, was allowed to issue notes. Issues of country banks then existing were limited to ordinary previous circulation.
Summary.
(1) The Bank of England, the first great bank to work out and maintain a system of note-issues based on the credit of the bank, without full coin or bullion guarantee.
(2) It was the first great bank to work out and main- tain a system of treating deposits as loans, and thus to trade with deposits beyond a prudent res...erve.
(3) The " restriction, " with its controversies, have made the economic doctrines of the world in regard to the circulation of an inferior currency, particularly an irredeemable paper currency, by the side of a superior one.
(4) The history of the bank since 1844 has shown how powerfully governments may influence the money market for good or evil.
(5) The English currency to-day is dependent upon its great bank. The English ideal is a coin cur- rency for ordinary transactions, and a note cir- culation for larger affairs.
What to read after Syllabus of a Course of Twelve Lectures On the History And Theory of Money Univ?
You can find similar books in the "Read Also" column, or choose other free books by Sidney Sherwood to read onlineMoreLess
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