A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature
A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature
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In our eReader you can find the full English version of the book. Read A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature
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It grants a receipt entitling the bearer to takeout the bui- ( 179 ) lion within six months, upon transferring to the bank a quantity of bank money equal to that for which credit had been given, and upon paying i per cent for keep- ing, if the deposit was in silver, and per cent, if it was in gold ; but in default of such payment, and upon the expiration of this term, the deposit should belong to the bank at the price ut which it had been received. P. 222. 3.
Deposits of bullion are commonly ma...de when the price is lower than ordinary ; and they are taken out when it happens to rise. A person can generally sell his receipt for the difference between the mint price of bullion, and the market price. A receipt for bullion is generally worth something, and it seldom happens, therefore, that any body suffers his receipt to expire, or allows his bullion to fall to the bank, 'at the price at which it had been received. P. 224. 5.
The person who by making a deposit of bullion ob- tains both a bank credit and a receipt, pays his bills of exchange with his bank credit, and either sells or keeps his receipt, according as he judges that the price of bul- lion is likely to rise or fall.
What to read after A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Adam, 1723-1790 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It grants a receipt entitling the bearer to takeout the bui- ( 179 ) lion within six months, upon transferring to the bank a quantity of bank money equal to that for which credit had been given, and upon paying i per cent for keep- ing, if the deposit was in silver, and per cent, if it was in gold ; but in default of such payment, and upon the expiration of this term, the deposit should belong to the bank at the price ut which it had been received. P. 222. 3.
Deposits of bullion are commonly ma...de when the price is lower than ordinary ; and they are taken out when it happens to rise. A person can generally sell his receipt for the difference between the mint price of bullion, and the market price. A receipt for bullion is generally worth something, and it seldom happens, therefore, that any body suffers his receipt to expire, or allows his bullion to fall to the bank, 'at the price at which it had been received. P. 224. 5.
The person who by making a deposit of bullion ob- tains both a bank credit and a receipt, pays his bills of exchange with his bank credit, and either sells or keeps his receipt, according as he judges that the price of bul- lion is likely to rise or fall.
What to read after A Complete Analysis Or Abridgement of Dr Adam Smiths Inquiry Into the Nature?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Adam, 1723-1790 to read onlineMoreLess
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