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Methods and Principles of Note issue

By Richard Daniels Reading Time: 3 mins
Updated March 22, 2017
Principles of Note issue

The principles of note issue are classified into two classes. One opinion says that complete conversion of notes into gold bars is known as the “Currency Principle”. The second advocates the elasticity in the supply of money according to the needs of trade and commerce, known as “Banking Principle”. These two theories are discussed below […]

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