| Preface |
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v | |
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1 | (40) |
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Speculation and Collapse in Wall Street |
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41 | (43) |
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Consumers' Income and Outlay |
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84 | (32) |
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The Art of Central Banking |
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116 | (187) |
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303 | (29) |
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Mr. Keynes's Treatise on Money |
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332 | (80) |
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International Short-Term Investment |
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412 | (14) |
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Rededies for Unemployment |
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426 | (23) |
| Index |
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449 | |
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The Merits and Drawbacks of Money |
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1 | (1) |
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2 | (2) |
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The Advantage of Money to The Consumer |
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4 | (2) |
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The Advantage of Money to the Producer |
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6 | (3) |
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The Monetary Veil over Lending and Saving |
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9 | (1) |
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Monetary Instability and the Distribution of Wealth |
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10 | (3) |
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Monetary Instability and the Creation of Wealth |
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13 | (4) |
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What is Meant by The Value of Money |
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A Definition of the Value of Money |
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17 | (1) |
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Changes in the Value of Money |
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18 | (3) |
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Difficulties of Measurement |
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21 | (3) |
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24 | (4) |
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How the Value of Money is Determined |
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Resemblances Between Money and other Things |
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28 | (3) |
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Differences Between Money and other Things |
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31 | (3) |
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The Public's Demand for Money |
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34 | (3) |
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Money Sitting and Money on the Wing |
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37 | (2) |
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39 | (2) |
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Bank Money and Common Money: Legal Tender, Optional and Subsidiary Money |
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41 | (3) |
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Convertible and Definitive Money |
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44 | (1) |
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Token and Full-Bodied Money |
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45 | (3) |
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The Quantity of Bank Money |
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The Relation of Cheques to Deposits |
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48 | (2) |
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The Relation of Deposits to Reserves of Common Money |
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50 | (3) |
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The Magnitude of Bank Reserves |
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53 | (4) |
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The Relation of Deposits to Common Money outide Bank Reserves |
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57 | (3) |
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The Quantity of Common Money |
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The Relation of Convertible Common Money to Reserves |
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60 | (2) |
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The Composition of Reserves |
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62 | (2) |
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The Gold Bullion and Gold Circulation Systems |
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64 | (3) |
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The Bimetallic and Limping Systems |
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67 | (2) |
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Foreign Exchange under Arbitrary Standards |
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69 | (4) |
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Foreign Exchange under a Gold Standard |
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73 | (2) |
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75 | (3) |
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The Value of Money and the Value of Gold |
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78 | (3) |
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The Value of Gold and its Cost of Production |
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81 | (4) |
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A Preliminary View of Bank Loans |
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85 | (2) |
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The Continuity of Bank Loans |
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87 | (3) |
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The Imposition of Forced Saving |
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90 | (3) |
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The Conversion of Spontaneous Saving |
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93 | (4) |
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Bank Loans and Industrial Progress |
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97 | (2) |
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Bank Loans and the Needs of Trade |
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99 | (4) |
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103 | (2) |
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The Four Crucial Fractions |
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105 | (3) |
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Money in the Great Muddle |
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The Causes of the Expansion of Money Supplies |
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108 | (2) |
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The Expansion of Bank Money in England |
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110 | (3) |
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The Expansion of Common Money in England |
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113 | (4) |
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The Inter-Reactions of the Conditions of Deamand for and Supply of Money |
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117 | (2) |
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The Misbehavior of the Foreign Exchanges |
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119 | (2) |
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The Divergence Between Internal and External Price-Levels |
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121 | (2) |
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The Pinning of the Exchanges |
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123 | (2) |
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The Machinery of Stabilisation |
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125 | (4) |
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The Effects of Stabilisation on Industry |
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129 | (3) |
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The Aftermath of Stabilisation |
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132 | (2) |
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The Question of the Standard |
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The Case for a Price-Level Varying Invesely with Productive Power |
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134 | (4) |
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The Case for a Gently Rising Price-Level |
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138 | (2) |
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The Case Against the Gold Standard |
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140 | (4) |
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The Case for Conformity to a World Gold Standard |
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144 | (2) |
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The General Case for the Gold Standard |
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146 | (3) |
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The Control of the World Value of Gold |
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149 | (1) |
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The Case for Re-valuation of the Pound |
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150 | (2) |
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The Case Against the Re-valuation of the Pound |
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152 | (3) |
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The Question of the Cycle |
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155 | (4) |
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The Mechanism of Control by the Central Bank |
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159 | (4) |
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The Stimulation of Saving |
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163 | (3) |
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The Qualitative Control of Bank Loans |
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166 | (2) |
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The Manipulation of the Rate of Interest |
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168 | (3) |
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The Rationing of Bank Loans |
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171 | (3) |
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The Need to Control Falling Prices |
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174 | (2) |
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Expedients for the Control of Falling Prices |
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176 | (2) |
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The Scope for Government Intervention |
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178 | (2) |
| Appendix A |
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180 | (2) |
| Appendix B |
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182 | (3) |
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1 | (5) |
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Appropriate Fluctuations of Output |
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6 | (13) |
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The Wage and Money Systems |
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19 | (15) |
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Inappropriate Fluctuations of Output |
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34 | (6) |
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40 | (31) |
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Short Lacking in the Trade Cycle |
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71 | (13) |
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The Relations of Short and Long Lacking |
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84 | |
| Part I. The Nature and Supply of Money in the United States |
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3 | (7) |
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10 | (15) |
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The Supply of Money in the United States |
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25 | (9) |
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The Monetary Theory vs. the Commercial Loan Theory of Banking |
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34 | (12) |
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46 | (19) |
| Part II. The Control of Money in the United States |
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Proximate Conditions of Supply of Demand Deposits Subject to Check |
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65 | (4) |
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Reserve Reqirements of Commercial Banks |
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69 | (14) |
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The Volume of Reserves of Commercial Banks. |
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83 | (21) |
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104 | (6) |
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The Problem of Note Issue |
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110 | (5) |
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115 | (11) |
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Unit Banks and Bank Failures in Relation to the Supply of Money |
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126 | (4) |
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The Perverse Elasticity of the Federal Reserve System |
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130 | (12) |
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Present Effectiveness of Control of Money |
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142 | (9) |
| Part III. Suggestion for Reform |
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Ideal Conditions for Control |
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151 | (6) |
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Suggested Improvements in the Organization of the System |
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157 | (6) |
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Suggestions for Enhancing the Effectiveness of Control |
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163 | (17) |
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Suggestions for Enhancing the Effectiveness of Control (continued) |
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180 | (5) |
| Appendix. The Interpretation of the Federal Reserve Statements and Related Items |
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185 | (9) |
| Index |
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194 | |