Economics of Money and Banking

amount assets assume bank notes billion Board of Governors borrowing capital cent central bank changes chap Chapter Chart circulation of money commercial banks commercial paper commercial-loan theory commodity commodity money consumers consumption created credit creation credit expansion credit instruments curve deflation demand deposits demand for money deposit money derivative deposits Discuss dollar economic elastic employment excess reserves expenditure factors Federal Reserve banks Federal Reserve notes Federal Reserve System financing firms full-bodied coin full-bodied money gold certificates gold reserve increase inflationary interest rates issue J. M. Keynes Keynes liquidity loanable funds loans member bank reserves ment metal monetary authority monetary policy money reserves money supply national income open-market price inflation production purchasing power rate of interest ratio reserve deposits reserve requirements savings security prices serve silver stability supply of loanable supply of money tion token coins token money transactions Treasury value of money velocity of circulation York