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THE FINANCIAL SYSTEM
unit trusts 4 7 Secondary banking and the problem
THE STOCK OF MONEY
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balance of payments balance sheet bank deposits Bank of England Bank's banking system Barclays Bank borrowing requirement building society capital cash ratio cent central bank central government changes Chapter circular flow Competition and Credit countries Credit Control current account customers deficit discount houses domestic economy effect example exports Federal Reserve financial assets financial intermediaries firms fixed exchange rates floating exchange rates foreign currency foreign exchange markets funds gilt-edged market government expenditure growth important increase industrial inflation influence interest rates investment issue leakages lender lending liquidity loans London Clearing Banks macroeconomic million monetary policy money stock money supply national debt national income non-bank open market operations operations overseas personal sector primary banks problem public expenditure public sector purchase rate of interest receipts reserve assets reserve ratio rise savings banks secondary banks Section short-term surplus Table taxation trade transactions Treasury bills Trustee Savings Banks