circulating medium การใช้

• Silver was typically the main circulating medium, with gold as the monetary reserve.
• The circulating medium could be reduced by the converse process whenever this was necessary.
• The Yuan Government revolutionised the economy by introducing paper currency as the predominant circulating medium.
• This ratio is alleged to be approximately 3 of income to 1 of circulating medium.
• Accordingly, any currencies backed by any sorts of value became the circulating mediums of exchange.
• The successive Yuan Dynasty was the first government to use paper currency as the predominant circulating medium.
• To increase the total circulating medium would, nevertheless be the function of the Monetary Authority exclusively.
• Thus it seems that the bottom has been knocked out of the original basis underlying out circulating medium.
• The successive Yuan Dynasty was the first dynasty in China to use paper currency as the predominant circulating medium.
• However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium.
• In boom times, the expansion of circulating medium accelerates the pace by raising prices, and creating speculative profits.
• Thus bank loans first increase, and repayment later decreases, the total volume of the country s circulating medium.
• In other words, we could keep per capita money income stable by keeping constant the per capita volume of circulating medium.
• (12 ) Under a 100 % requirement, the Monetary Authority would replace the banks as the manufacturer of our circulating medium.
• The first would be in the repayments to the banks of existing loans of circulating medium largely created by the banks in the past.
• Since our small banks would be strengthened they could better perform their important function of directing the flow of circulating medium into appropriate channels.
• Under the 100 % reserve system the needed increase in circulating medium can be accomplished without increasing the interest bearing debt of the Government.
• The circulating medium thus created is expected again automatically to shrink whenever business repays its bank loans after being paid by its own customers.
• A slow reduction of the Government debt might be made an incidental by-product of the Government method of increasing our circulating medium.
• As each bank exercises this power independently without any centralized control, the resulting changes in the volume of the circulating medium are largely haphazard.