The Principles of Money And Banking volume 2
The Principles of Money And Banking volume 2
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In our eReader you can find the full English version of the book. Read The Principles of Money And Banking volume 2 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 The Principles of Money And Banking volume 2
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Vide the Report of the Chamber of Commerce of Lyons in 1802, given by Courtois, Histoire des Banques en France, p. 334. 4 Vigne, p. 152.
* Fran9ois, in Journal des Economistes (March, 1897), XXIX. , P- 345- 240 THE EXTENSION OF THE CLEARING SYSTEM The settlement of balances at the clearing-house was at first made in cash, but since 1854 has been made in drafts upon a special deposit fund by each bank at the Bank of England for the benefit of the clearing-house. As these deposits are not specifi...cally set aside in cash, the entire clearings are practically made by credit and without the intervention of currency. The balances set- tled ran as high as 5, 534, 000 in a single day in the year ending March 31, 1880, which would have absorbed one- fifth of the circulation of the Bank of England if bank- notes had then been employed. 1 The admission of the joint-stock banks to the clearing-house, which did not occur until 1854, is estimated to have released them from the necessity of keeping 500, 000 in currency on hand for meeting their checks.
What to read after The Principles of Money And Banking volume 2?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Vide the Report of the Chamber of Commerce of Lyons in 1802, given by Courtois, Histoire des Banques en France, p. 334. 4 Vigne, p. 152.
* Fran9ois, in Journal des Economistes (March, 1897), XXIX. , P- 345- 240 THE EXTENSION OF THE CLEARING SYSTEM The settlement of balances at the clearing-house was at first made in cash, but since 1854 has been made in drafts upon a special deposit fund by each bank at the Bank of England for the benefit of the clearing-house. As these deposits are not specifi...cally set aside in cash, the entire clearings are practically made by credit and without the intervention of currency. The balances set- tled ran as high as 5, 534, 000 in a single day in the year ending March 31, 1880, which would have absorbed one- fifth of the circulation of the Bank of England if bank- notes had then been employed. 1 The admission of the joint-stock banks to the clearing-house, which did not occur until 1854, is estimated to have released them from the necessity of keeping 500, 000 in currency on hand for meeting their checks.
What to read after The Principles of Money And Banking volume 2?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
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