1.3. rezultāts no 44.
It is this ease of redemption which gives the circulation its elasticity and makes it immediately responsive to every fluctuation in the needs of business . If the notes were redeemable only at the place of issue , which is usually the ...
fact that the current loans in Canada declined steadily throughout 1908 , and by the steady augmentation of the cash reserve , which throughout both 1908 and 1909 exceeded at all times the amount of notes in circulation .
found that their circulation was dangerously near the maximum and feared that they might be called upon to pay out legal tender . There was not the slightest suspicion of banks in Canada and no talk whatever of a run upon any bank .
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