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The capital and to gain trust of public to itself and the banknotes. It has the such

The rights and duties, as well as any other commercial enterprise. It

Banknotes are "an unconditional obligation to repayment" or to an exchange on

The basic means of payment (for the gold standard this gold or another The means of payment, capable are equivalent to exchange on gold). As marks

Smith, "in such conditions it is difficult to imagine full refusal of the gold

The standard ". Any bank could not release not exchanged on Banknote gold, declaring their lawful means of payment. Any bank,

Stopping repayment of the banknotes, it would be declared by the bankrupt and

It is liquidated, and requirements of its creditors would be satisfied at the expense of it

Actives. Shareholders would lose all or a part of the investments.

Smith does the review of history of development of bank systems of England, Scotland,

France, Germany and the United States. She also tells about polemic, Developed in these countries, especially in XIX century, of that More preferably - the central bank with its special obligations and Powers, or on the contrary, system of private banks, noncontrollable

The centralised power (she notices that has not been switched on in this review

Jobs on Italy and Spain).

Smith has subdivided the authors participating in discussions, into four groups. These

Groups correspond, first, to an accessory of authors monetary or To bank school, and, secondly, their orientations on centralised or Free bank system. First two schools connect mainly with Polemic about the monetary policy developed in England in 1820th Monetary

The school recognised the quantitative theory of money and suggested to create the mixed

The system which is switching on both gold, and paper money which would address on

The rights of high-grade gold coins. The bank school was based on some Elaborate concepts of "real bills", concentrated on change Quantities of an active money during a business cycle depending on Changes of prospective needs of trade and on the prospective automatic Outflow from the reference of excessive quantity of banknotes.

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Large Weather Icons Large Weather Icons depict a number of weather conditions typical in software, weather portals, and mobile gadgets. The icons are available in all resolutions standard to Windows, Mac OS, and other systems. The biggest versions are huge 512x512 pixel images with vector sources in Adobe Illustrator (.ai) format easily available and ready to be printed or used in presentations in highest resolution.

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Medical Icons for Vista Medical Icons for Vista has been design to avoid any misunderstanding arising while viewing a medical webpage or using a medical software. The icons are provided in numerous sizes and formats.

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