美元不过是一种本票,如果你检查一下美钞的话,你会发现上面印着这样一句话:“联邦储备票据(Federal Reserve Note)。今天,流通中的美元不过是一大堆债务凭证而已。
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发售债券的公司必须在使用该计划前两天签署协议,且必须通过纽约联邦储备银行的一级交易商出售这些票据。
Issuers must sign up at least two days before using the facility, and can only sell commercial paper to it through primary dealers of the New York Fed.
1913年《联邦储备法》的理论基础是真实票据理论。
The Real Bill Theory is the theoretic basis of the 1913 "Law of Federal Reserve".
当美国经济在忍受1927的紧缩时,联邦储备当局印制了更多的票据储备以期预防任何有可能出现的银行储备短缺问题。
When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage.
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