a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Clearing house currency historic definition... Clearing house currency -- As one means of securing an elastic asset currency which would be entirely safe and at the same time responsive to the needs of business it is proposed by some that the privilege of emitting circulating notes be taken from the individual banks and delegated to clearing houses. This, it is urged, would place behind the notes the combined strength of the associated banks and would also do away with any danger of reckless emissions of notes by poorly managed or weak institutions. Further, the advocates of this system think it would be easier in this manner to regulate the volume of currency to the demands of a community or state than by means of numerous issues of banks acting independently. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.