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Begin to cut down the reserves. Than it is more among them it will appear conservative

Banks which not begin to do it, the control of these will appear that more strongly

Banks over expansion of the others. The bank reflecting over expediency Own expansion, should think not only of direct consequences This decision for level of its reserve which will fall immediately after Increases of volume of issue. He should mean and indirect effect, which

It will be expressed in outflow of money in other banks. Thus, volumes of the additional

Credits which bank in status to make, will decrease at the expense of level decrease

Its reserves. Bank actions in this situation to some extent will bring

Benefit to other banks which will increase greatly the reserves. Even recognising

Existence of certain circumstances when the majority of banks would wish Some decrease in level of the reserves, hardly they have ever agreed On fluctuations of level of reserves of such scales, on which central bank Looks with relative calmness.

Supporters of freedom, thus, considered that in the conditions of this system

Superissue was not simply no more probable, and is much less probable, than at

To the centralised system. In last all banknotes are released The unique emitter. This bank receives all payments in the form of the Own banknotes also can always pay them back. Thus, it Does not show and does not accept any claims for gold reserves, in everyone Case, in the form of interbank claims. A unique source of requirements on Gold is in this situation demand for it from outside publics. Result It there can be big, than in the conditions of many banks of issue, average Duration of the reference of banknotes, or their more rare repayment.

Supporters of the centralised system declared that the interbank control through

The clearing mechanism is generally illusion, operating only at rather Specific circumstances. If any bank increases issue,

Scales of its business will increase in the same proportion. It means that the grown

Weekly volumes of return given out by it before credits will give in it

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Business Icon Set Business Icon Set is a library of fine-looking ready-made icons for use in programs and on websites. They are delivered in a variety of formats, sizes and color schemes.

Database Icon Set Database Icon Set delivers you lots of stylish and colorful icons for database software development. The images are available in all the common icon sizes and file formats include PNG, GIF, ICO and BMP.

Free Large Business Icons Free Large Business Icons bring you a free icon pack perfectly suited for Web and software projects associated with all sorts of business activities. The icon set is ready for instant and absolutely free download.

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

Animal Desktop Icons This icon library brings you a variety of icons top quality and high resolution. They are good to be used for personal desktop customization, for application icons, web, or even as toolbar icons.