Effect of a sudden increase of a metallic Currency, or of the sudden creation of Bank-Notes or other substitutes for Money.
We have seen, however, that even in the case of metallic currency, the immediate agency in determining its value is its quantity.
To this gain must be added a further saving to the country, of the annual supply of the precious metals necessary for repairing the wear and tear, and other waste, of a metallic currency.
From this he argued that if these notes were replaced by a metallic currency, the security of the banks would be ensured, and the misfortunes which their failures would otherwise produce limited.
At the termination of the war there existed a strong desire to return to a metallic currency; and during the first years of peace there was a great facility of obtaining specie; but it was not so at the present time.
The principle of the measure therefore could be resisted only by those who held that the pecuniary relations of the country were best secured by proscribing a metallic currency.
Here was an opportune discovery for the champions of metallic currency!
The same effect on prices must now be exerted by banks by the artificial imitation of the laws of metallic currency.
His first proposition was as follows: the volume of metallic currency is normal when it is determined by the total value of the commodities in circulation estimated in its bullion value.
They profess to be the advocates of a metallic currency.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "metallic currency" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
