1.3. rezultāts no 25.
Each bank must keep on deposit with the minister of finance a sum of lawful money ( gold or Dominion notes ) equal to 5 per cent of its average circulation ; the total so deposited is called the circulation redemption fund .
THE CIRCULATION REDEMPTION FUND . The 5 per cent insurance fund for the redemption of the notes of failed banks is theoretically an important and prominent part of the system , yet practically it would seem to be of little consequence ...
and then sends them to the nearest redemption center to be exchanged for gold coin or Dominion notes , or to be used as a credit offset in the redemption of its own notes . It is this ease of redemption which gives the circulation its ...
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