Last edited by Dagami
Tuesday, May 19, 2020 | History

2 edition of Economics of money and banking found in the catalog.

Economics of money and banking

Lester V. Chandler

Economics of money and banking

by Lester V. Chandler

  • 135 Want to read
  • 21 Currently reading

Published by Harper and Row, Publishers in New York, N.Y .
Written in English


Edition Notes

StatementStephen M. Goldfeld Lester V. Chandler.
ContributionsGoldfeld, Stephen M.
The Physical Object
Paginationxii,660p.
Number of Pages660
ID Numbers
Open LibraryOL21339780M

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Economics of money and banking by Lester V. Chandler Download PDF EPUB FB2

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The historic economic events and financial crises of late. Money is debt; paper money is a debt of Federal Reserve Banks and checkable deposits are liabilities of banks and thrifts because depositors own them. Value of money arises not from its intrinsic value, but its value in exchange for goods and services.

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Fiat money is a good, the value of which is less than the value it represents as money. Dollar bills are an example of fiat money because their value as slips of printed paper is less than their value as money.

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