THE country is misled, to some extent, by the claim that our currency is upon a gold basis. It is only partially so. The part played by gold in financial a...
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https://www.riss.kr/link?id=O132672210
1891년
eng
학술저널
PHP / Magazines / Feature
10 [※수록면이 p5 이하이면, Review, Columns, Editor's Note, Abstract 등일 경우가 있습니다.]
0
상세조회0
다운로드다국어 초록 (Multilingual Abstract)
THE country is misled, to some extent, by the claim that our currency is upon a gold basis. It is only partially so. The part played by gold in financial a...
THE country is misled, to some extent, by the claim that our currency is upon a gold basis. It is only partially so. The part played by gold in financial affairs is important, but it is subordinate. Gold certificates circulate as currency, and, together with gold coin, constitute a portion of the reserve in the national banks. Thus gold adds to the volume of currency, and for the purposes of business it is quite immaterial whether or not the metal itself is in circulation. In point of economy and convenience...