A Treatise On Currency And Banking
A Treatise On Currency And Banking
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In our eReader you can find the full English version of the book. Read A Treatise On Currency And Banking 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 Treatise On Currency And Banking
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It indicates that more commodities havf been imported than exported, and warns the importer of an approaching fall in the prices of the articles in which he deals, which induces him to countermand or diminish his orders, and in the next year to inaport less; and this operation brings back the small quan- tity of coin, which, by its removal, had diminished the currency below the quantity which was requisite to maintain it upon a level with the currencies of other countries. From this view of the... subject, it is appa- rent, that exchange md^Y be looked upon as the beam of a pair of scalesj very nicely balanced^ and em- ployed in ascertaining the value from day to day of the in>ports and exports of a country. The slightest departure from the equilibrium shows itself in the fall and rise in the price of bills, and the assayer of the mint does not keep his eyes more steadily fixed upon the balances in which he weighs his gold, than should the merchants keep theirs fixed upon the rate of exchange.'* .
What to read after A Treatise On Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Condy Raguet to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It indicates that more commodities havf been imported than exported, and warns the importer of an approaching fall in the prices of the articles in which he deals, which induces him to countermand or diminish his orders, and in the next year to inaport less; and this operation brings back the small quan- tity of coin, which, by its removal, had diminished the currency below the quantity which was requisite to maintain it upon a level with the currencies of other countries. From this view of the... subject, it is appa- rent, that exchange md^Y be looked upon as the beam of a pair of scalesj very nicely balanced^ and em- ployed in ascertaining the value from day to day of the in>ports and exports of a country. The slightest departure from the equilibrium shows itself in the fall and rise in the price of bills, and the assayer of the mint does not keep his eyes more steadily fixed upon the balances in which he weighs his gold, than should the merchants keep theirs fixed upon the rate of exchange.'* .
What to read after A Treatise On Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Condy Raguet to read onlineMoreLess
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