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Commercial Banks and the Monetary System
The Federal Reserve Banks and the Treasury
A Descriptive Introduction
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American amount assets balances billion bonds borrowing capital cash cent changes coin commercial banks companies consumer consumption costs countries created currency debt decline deficit demand depends deposits depression desire determined direct dollars economic effect equal equilibrium excess exchange existing expand expected expenditures exports fall Federal Reserve firms flow foreign funds gold higher hold important income increase individual inflation influence institutions interest interest rates investment issue lending less liabilities limited liquidity loans major measures ment monetary monetary policy money supply notes operations output payments period problem production purchases quantity raise rates reduced relation relative remained requirements result rise saving securities sell silver spending stability Table tend tion trade transactions Treasury United variations volume York