Currency Principle
Currency principle is concerned with the metallist belief that the money supply or currency in circulation should be strictly related to the amount of gold deposited with the Bank of England. If this money supply were controlled, monetary stability would follow.
The Bank Acts of 1844 and 1845 embodied currency principle and helped establish the framework of modern British banking.
Written by: Amaan Goyal
Learn more about economy in “About Economy” section.
Did you find what you were looking for?
Some other similar articles
Report this article if you think something is wrong with it!
We cannot monitor all the articles being published. If you belive there is a problem with copyright about this article, please contact us right away as described on this page. Please follow the link to read more about DMCA. Thank you for your understanding and help!
Tagged as about currency, about economy, economy theories, monetary policy + Categorized as Other, About economy, Economy articles