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The monopoly means a situation at which only one of set it is real Existing banks of issue it is not limited by rigid frameworks in the Activity. This bank shows the power on which will the status depends

The reference lion's share. Besides, unique of everything, it possesses the such

Degree of elasticity of the issue which gives the chance to it to carry out The control over total amount of money and the credit. The monopoly of issue activity was that source, from Which modern central banks have gathered the minor functions

And distinctive features. The control over a status of gold reserves of the bank

Systems, undoubtedly, should accompany issue monopoly. Storage

Considerable part of bank monetary reserves also it is connected with this factor:

Certainly, it is convenient to banks to store the not used means in the central

Bank. However they can entrust the reserves with a sincere heart To the one and only external institute only in that case, when they

Are completely convinced that this institute can return under any circumstances

Them, and in shape which will be accepted by the public. A guarantee of it That fact that in case of need banknotes of it can serve only

Institute can be declared an official instrument of payment. And the last, but

At all less important, is that the control over issue of banknotes gives

To the central bank the power and over the general credit situation. All aforesaid

Allows us to use the term "the centralised bank system" as in Narrow, and in a broad sense this expression. The central bank is not natural generation of development bank

Business. On the contrary, the central banks were spread from the outside by will of the state.

This fact became the reason of striking deviations in development of the general

Structures of money and the credit which were showed in the conditions of centralisation, on

To comparison with that would occur at free system in absence The state protectionism. "The free system of bank business" assumes existence of the such Mode at which the establishment of banks of issue is authorised on the same

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Yellow Web Buttons Yellow Web Buttons offer a package of navigation images for social networks and custom web products. The icons are easy on the eye, and provide a uniform theme painted in yellow. The delicious buttons for delicious sites:)

Basic Icons for Vista Basic Icons for Vista is a set of smooth and professionally finished icons designed in the same manner as the original Vista icons. The images come in two variants: with or without shadows.

Medical Icons for Vista Medical Icons for Vista has been created to eliminate any misunderstanding arising while viewing a medical Web site or operating a medical program. The images are available in numerous sizes and formats.

Business Icon Set Business Icon Set is a pack of fine-looking ready-made icons for use in programs and on Web projects. They are provided in a variety of formats, sizes and color schemes.

Large Icons for Vista Large Icons for Vista is a pack of smooth and polished icons created in similar manner as the standard Vista icons. The images come in two variants: with or without shadows.