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" This credit was called bank money, which, as it represented money exactly according to the standard of the mint, was always of the same real value, and intrinsically worth more than current money. "
Encyclopaedia Britannica; Or A Dictionary of Arts, Sciences, and ... - Page 366
1823
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Lombard Street: A Description of the Money Market

Walter Bagehot - Banks and banking - 1873 - 382 pages
...only so much as was necessary for defraying the expense of coinage, and the other necessary expense of management. For the value which remained, after...gave a credit in its books. This credit was called bank money, which, as it represented money exactly according to the standard of the mint, was always...
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Beeton's Dictionary of commerce [ed. by R.M. Smith].

Samuel Orchart Beeton - Commerce - 1873 - 304 pages
...necessary for defraying the expense of coinage and management. For the value which remained after the small deduction was made, it gave a credit in its books. This credit was called bank money, which, as 1t represeored money exactly according to the standard of the mmt, was always...
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An inquiry into the nature and causes of the wealth of nations. A careful ...

Adam Smith - 1875 - 808 pages
...only so much as was necessary for defraying the expense of coinage, and the other necessary expense of management. For the value which remained, after...gave a credit in its books. This credit was called bank money, which, as it represented money exactly according to the standard of the mint, was always...
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The principles of economical philosophy, Volume 2, Part 1

Henry Dunning Macleod - 1875 - 546 pages
...notes only, currency, excluding bank credits. For Smith, speaking of the Bank of Amsterdam, says3 — " For the value which remained, after this small deduction...gave a Credit in its books. This Credit was called Bank Money." And the Credit in the books of these Banks was expressly called Bank Money: which shews...
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Beeton's Counting house book

Samuel Orchart Beeton - 1875 - 648 pages
...necessary for defraying the expense of coinage and management. For the value which remained after the small deduction was made, it gave a credit in its books. This credit was called bank money, which, as it represented^ money. exactly according to the Htailclnrd of the mint, was always...
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Money

Francis Amasa Walker - Money - 1877 - 578 pages
...only so much as was necessary for defraying the expense of coinage and the other necessary expense of management. For the value which remained after...represented money exactly according to the standard of tho mint, was always of the same real value and intrinsically worth more than current money. It was...
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Money in Its Relations to Trade and Industry

Francis Amasa Walker - Economics - 1879 - 366 pages
...only so much as was necessary for defraying the expense of coinage and the other necessary expense of management. For the value which remained after this small deduction was made, it gave a credit on its books. This credit was called bank money, which, as it represented money exactly according to...
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Cyclopaedia of Political Science, Political Economy, and of the ..., Volume 1

John Joseph Lalor - Economics - 1882 - 870 pages
...which the bank opens for every depositor on its books, "this credit," he says, " was called bank money, which, as it represented money exactly according to...and intrinsically worth more than current money." — And further on he adds: " Bank money, over and above both its intrinsic superiority to currency,...
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Political Economy

Francis Amasa Walker - Economics - 1887 - 516 pages
...of management. For the value which remained after this small deduction was made, it gave a credit on its books. This credit was called bank-money, which,...worth more than current money. It was at the same timo enacted " that all bills drawn upon or negotiated at Amsterdam, of the value of 60 guilders or...
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The Works of Walter Bagehot ..., Volume 5

Walter Bagehot - English literature - 1891 - 726 pages
...only so much as was necessary for defraying the expense of coinage and the other necessary expense of management. For the value which remained after...gave a credit in its books; this credit was called 'bank money;' which, as it represented money exactly according to the standard of th& mint, was always...
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