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Longfield) Monetary systems in Dublin University Magazine for 1840 Resulted The argument concerns the second of these articles (February, 1840) and he has written a series from four it about problems bank, which Rejected effectiveness of such mechanism even in case of expansion only one Bank. It illustrates the thesis an arithmetic example. We will consider two

Bank, And both In [And and In two groups of the banks, one of which can as to designate

Belonging to one sphere of business, namely - to sphere of crediting by a way

Issues of banknotes. We will assume also that at the initial stage scales

And and In banks were identical to activity also had equal volumes of the gold

Reserves, so for both: Issue of bills = 40 thousand pounds. Gold reserves = 15 thousand pounds.

Weekly each of banks gives out credits for the sum of 10 thousand pounds in shape

Payment obligations, receiving thus the same sum through repayment Loans. We will assume that return of debts to each bank is made partially Banknotes of the bank, and partially - banknotes of other bank, and Parity of two parts of approximately equally proportion of each of banks in The cumulative reference. Thus, in bank And weekly arrives 5 000 its own banknotes and 5 000 - let out j's bank business and in a case with bank of Century is In Result a daily or weekly exchange of banknotes between banks Leads to zero balance without any moving of gold from one bank In another.

Let's assume now that the bank And suddenly decides to increase crediting scales on

20 thousand pounds also adds this sum to the issue; bank issue In

Remains invariable. As a result the parity of issues of two banks changes with

1:1 to 3:2 in favour of A.Teper's bank in will receive already 6000 banknotes of bank And, only

4000 - own, and in a week will return 6 000 banknotes And in bank And.

But after all and the scale of operations of bank And has grown and corresponds with the similar

Indicator In in the same proportion 3:2. Henceforth weekly the size of given out credits, so, and the sum returned

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Medical Icons for Vista Medical Icons for Vista has been created to eliminate any misconceptions arising while looking at a medical Web site or using a medical program. The icons are provided in numerous sizes and formats.

12x12 Free Toolbar Icons 12x12 Free Toolbar Icons collection contains all the images that are required for your web project or application toolbar.

16x16 Pixel Toolbar Icons 16 x 16 Pixel Toolbar Icons collection has all the images that are required for your web site or application toolbar.

24x24 Free Toolbar Icons 24x24 Free Toolbar Icons set has all the images that are required for your web project or application toolbar.

Large Weather Icons Large Weather Icons represent a number of weather conditions that are common for software, weather portals, and mobile gadgets. The icons arprovided in typical sizes standard to Windows, Mac OS, and mobile platforms. The biggest versions are huge 512x512 pixel icons with vector sources in Adobe Illustrator (.ai) format easily available and ready to be printed or used in presentations in highest quality.