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The Value of Money
img img The Value of Money img Chapter 14 THE VOLUME OF TRADE AND THE VOLUME OF MONEY AND CREDIT
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Chapter 14 THE VOLUME OF TRADE AND THE VOLUME OF MONEY AND CREDIT

Interdependence of trade, and money (and credit); increasing trade causes increase of money and credit 279-281

Quantity theory doctrine: Fisher vs. Laughlin 281-282

Quantity theory has no explanation of elastic bank credit: "Currency Theory" of deposits 282-285

Loans and deposits 285-288

Bills of exchange 288-290

Summary of quantity

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