Applied Economics; a Practical Exposition of the Science of Business
Applied Economics; a Practical Exposition of the Science of Business
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In our eReader you can find the full English version of the book. Read Applied Economics; a Practical Exposition of the Science of Business 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 Applied Economics; a Practical Exposition of the Science of Business
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Amer- ican bonds thus fell in value because of the magnitude of the issues in comparison with the limited power of the market to absorb them. After the conclusion of the Civil War, the United States readily rehabilitated the public finances and gradually reduced the Federal debt.
The existing debt forms, through a forced loan by the banks, an integral part of the banking and currency system,^ and it is maintained chiefly for this purpose.
The rate of interest which is payable upon it — 2 per ce...nt — ^bears no relation to the market rate, nor does the price which the banks have to pay for the security de- pend upon transactions in the open market. The United States government is, indeed, rather in the posi- tion of a lender of money and credit than of a borrower of it.
345. Temporary loans and loans for fiwed periods. — When a government desires to borrow for purposes in which the demand for capital is recurrent, such as when capital is employed for the construction of public build- ings, or for other construction of a more or less durable but not of a permanent character, it is very usual to issue stock bearing a fixed rate of interest and provid- *See "Money and Banking," Vol.
What to read after Applied Economics; a Practical Exposition of the Science of Business?
You can find similar books in the "Read Also" column, or choose other free books by Mavor, James, 1854- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Amer- ican bonds thus fell in value because of the magnitude of the issues in comparison with the limited power of the market to absorb them. After the conclusion of the Civil War, the United States readily rehabilitated the public finances and gradually reduced the Federal debt.
The existing debt forms, through a forced loan by the banks, an integral part of the banking and currency system,^ and it is maintained chiefly for this purpose.
The rate of interest which is payable upon it — 2 per ce...nt — ^bears no relation to the market rate, nor does the price which the banks have to pay for the security de- pend upon transactions in the open market. The United States government is, indeed, rather in the posi- tion of a lender of money and credit than of a borrower of it.
345. Temporary loans and loans for fiwed periods. — When a government desires to borrow for purposes in which the demand for capital is recurrent, such as when capital is employed for the construction of public build- ings, or for other construction of a more or less durable but not of a permanent character, it is very usual to issue stock bearing a fixed rate of interest and provid- *See "Money and Banking," Vol.
What to read after Applied Economics; a Practical Exposition of the Science of Business?
You can find similar books in the "Read Also" column, or choose other free books by Mavor, James, 1854- [from Old Catalog] to read onlineMoreLess
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