The Principles of Money and Banking, Volumen1Harper, 1905 - 487 páginas |
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Términos y frases comunes
adopted amount average bank reserves bank-notes bankers bills of exchange bimetallism capital caused cent changes circulation civilized coinage of silver commercial Commission commodities cost declared discount rate dollars economic evolution exchange value export fact fall fixed fluctuations foreign France free coinage gold and silver gold coin gold countries gold currency gold standard gold value government paper important increase influence issue la Monnaie labor Latin Union legal tender less limited loans London marginal utility medium of exchange ment metallic money Mexico mines mints modern modities monetary system Monnaie nations operation ounces paper money payments pieces precious metals principle production profit quantity of gold quantity of money quantity theory ratio redeemable relation seigniorage silver bullion silver coins standard metal standard of value stock of gold store of value supply tion token coins trade transactions Treasury United value of money wages weight
Pasajes populares
Página 152 - So that the value of money, other things being the same, varies inversely as its quantity ; every increase of quantity lowering the value, and every diminution raising it, in a ratio exactly equivalent.
Página 75 - And all King Solomon's drinking vessels were of gold, and all the vessels of the house of the forest of Lebanon were of pure gold; none were of silver, it was nothing accounted of in the days of Solomon.
Página 10 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.
Página 300 - ... legal tender at their nominal value for any amount not exceeding five dollars in any one payment.
Página 63 - ... a medium of exchange, a standard of value, and a store of value...
Página xv - The fact that money can, in certain functions, be replaced by mere symbols of itself, gave rise to that other mistaken notion, that it is itself a mere symbol. Nevertheless under this error lurked a presentiment that the money-form of an object is not an inseparable part of that object, but is simply the form under which certain social relations manifest themselves. In this sense every commodity is a symbol, since, in so far as it is value, it is only the material envelope of the human labour spent...
Página 134 - Dollar, is a known coin, and the most familiar of all, to the minds of the people. It is already adopted from South to North ; has identified our currency, and therefore happily offers itself as a Unit already introduced.
Página 169 - Gold and silver, like all other commodities, are valuable only in proportion to the quantity of labour necessary to produce them and bring them to market. Gold is about fifteen times dearer than silver, not because there is a greater demand for it, nor because the supply of silver is fifteen times greater than that of gold, but solely because fifteen times the quantity of labour...
Página 75 - The throne had six steps, and the top of the throne was round behind : and there were stays on either side on the place of the seat, and two lions stood beside the stays. And twelve lions stood there on the one side and on the other upon the six steps : there was not the like made in any kingdom.
Página 303 - Treasury proposed the issue of treasury notes "against deposits of silver bullion at the market price of silver when deposited, payable on demand in such quantities of silver bullion as will equal in value, at the date of presentation, the number of dollars expressed on the face of the notes at the market price of silver, or in gold, at the option of the Government, or in silver dollars at the option of the holder"; together with "the repeal of the compulsory feature of the present coinage act.