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The Wealth of Nations
The Commercial Banks
The Monetary Authorities
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aggregate consumption schedule amount Australian balance of current balance sheet bank deposits bank money bank notes Bank of England bankers banking system bond rate borrowing Britain British capital capital-cautious investors cent central bank Chapter commercial banks commodities Commonwealth Bank consumption of home countries current payments current yield demand deposits depreciation effect equity exchange rate exports final output finance fixed equipment gold standard government bonds government purchases Hence hold holders home products imports income-cautious investors income-generating expenditure increase index number international reserves issue less LIABILITIES ASSETS liquid assets liquid obligations liquidity preference schedule loan expenditure London Funds long-term margin material investment ment monetary authorities Multiplicand personal consumption personal spendable income private citizens profits rate of interest real investment real national income reduce Ruritania savings bank sell short-term Sterling Area stock exchange store of value switch Table tariff tion trade Treasury Bills U.S. dollar