Our Banking System And the Sufficiency Or Insufficiency of Our Cash Reserves
Our Banking System And the Sufficiency Or Insufficiency of Our Cash Reserves
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The amount of the reserve is simply the difference between the entire stock of gold in the country and the amount in circulation and in the tills of the banks, so that the only possibly way in which the banks could add to the reserve would be by reducing the amount of gold in their tills. Instead of saying that the Bank of England keeps the reserve, it would be more correct to say that the reserve keeps itself at the Bank of England. The Bank cannot, by any direct action of its own, add to or d...iminish the amount of the reserve. It does not follow that an increase in the advances made by the Bank would have any effect en the reserve. For instance, supposing the advances to be increased to the extent of
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To quickly assess the difficulty of the text, read a short excerpt:
The amount of the reserve is simply the difference between the entire stock of gold in the country and the amount in circulation and in the tills of the banks, so that the only possibly way in which the banks could add to the reserve would be by reducing the amount of gold in their tills. Instead of saying that the Bank of England keeps the reserve, it would be more correct to say that the reserve keeps itself at the Bank of England. The Bank cannot, by any direct action of its own, add to or d...iminish the amount of the reserve. It does not follow that an increase in the advances made by the Bank would have any effect en the reserve. For instance, supposing the advances to be increased to the extent of
What to read after Our Banking System And the Sufficiency Or Insufficiency of Our Cash Reserves?
You can find similar books in the "Read Also" column, or choose other free books by Bernard Tindal Bosanquet to read onlineMoreLess
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