"This began with the National Bank Act of 1863 which required each bank to purchase a dollar amount of government bonds equal to one-third of its capital and surplus. [28] This collusion between bankers and politicians became more formalized with the establishment of the Federal Reserve System in 1913, …
http://www.ratical.com/many_worlds/cc/NMfHC/chp6.html
can anyone here place a definition of “government bonds” in the phrase above…so i can insert it in the sentence.
thanks
State-issued debt securities
that didnt help. can you perhaps describe what teh bond does or how it operates for a definition?
the word securities doesnt mean much to me in this context.
“to purchase a dollar amount of ( here )…”
You’re going to have to specify why that “didn’t help.” Since you said “securities” doesn’t “mean much to you in this context,” are you implying that you’re looking for a definition which clarifies things for you, in particular, at you particular level of understanding? If so, a little info on your background level of familiarity with such concepts would allow me to be more helpful.