banking principle

noun

the principle that bank notes are a form of credit and should be issued freely in order to maintain an elastic currency.

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Nearby words

bankers' hours, banket, bankhead, banking, banking pin, banking principle, bankit, banknote, bankroll, bankroller, bankrupt

Compare currency principle.

Also called banking doctrine.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019