ENFORCING THE COMMUNITY REINVESTMENT ACT: AN ADVOCATEíS GUIDE TO MAKING THE CRA WORK FOR COMMUNITIES

To remedy these evils, the authorities at Amsterdam resolved to have recourse to that system of bank payments, which had so long been in use at Venice. This was the origin of the BANK OF AMSTERDAM. The original subscribers to the bank paid into its vaults certain sums in the current coin, for which they received a credit on its books equivalent to the intrinsic value of the deposit. These credits were known as bank money; and it was enacted by the legal authorities, that all payments of bills of exchange exceeding six hundred guilders in value, should be made in this bank money, which was equivalent to,.

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