I consider this mixed case most likely in the initial stages of putting into action a nonpar
exchange rate between paper currency and electronic money--for an interesting reason.
Physicians who want to continue their current PAR or nonPAR
status do not need to take any action.
The first nonpar
bond offering came in June 1958 (U.
data and by Belongia (2000) using data from the United States, Germany, and Japan have applied the nonpar
2) Such a depreciating warehouse note would saddle the holder both with a negative return and with the computational cost of dealing with a nonpar
medium of exchange.
975 Mean SD No outlier detection No outliers 5% outliers Measure Nonpar
(a) Robust Nonpar
Robust Mean -1.
This occurs when prices happen (for reasons unrelated to legal sanctions) to be expressed in terms of bad money, and high transactions costs of nonpar
exchange make it prohibitively costly to transact with good money.
payment of "remotely presented" checks largely came to an end with the Federal Reserve's entry into the business of check clearing.
It is this closed family, sumptuous dining that has always made the traditional, old-fashioned whole life policy so attractive and blew away the sparse offerings of nonpar
, universal life and all other fare that siphoned off nourishment to hangers-on.
Section 1 discusses nonpar
remittance and the importance of correspondent relationships for clearing out-of-town checks in the pre-Fed system.
Even if state banks did not have direct access to the Fed's rediscount facilities, this general feeling of confidence could have led state banks to reduce their cash ratios permanently On the other hand, Gilbert's sample included state banks engaged in nonpar
We therefore label this type of instrument a nonpar