Banking Practice; a Textbook for Colleges And Schools of Business Administration
Banking Practice; a Textbook for Colleges And Schools of Business Administration
The book Banking Practice; a Textbook for Colleges And Schools of Business Administration was written by author Here you can read free online of Banking Practice; a Textbook for Colleges And Schools of Business Administration book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Banking Practice; a Textbook for Colleges And Schools of Business Administration a good or bad book?
Where can I read Banking Practice; a Textbook for Colleges And Schools of Business Administration for free?
In our eReader you can find the full English version of the book. Read Banking Practice; a Textbook for Colleges And Schools of Business Administration 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 Banking Practice; a Textbook for Colleges And Schools of Business Administration
In our eReader you can find the full English version of the book. Read Banking Practice; a Textbook for Colleges And Schools of Business Administration 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 Banking Practice; a Textbook for Colleges And Schools of Business Administration
What reading level is Banking Practice; a Textbook for Colleges And Schools of Business Administration book?
To quickly assess the difficulty of the text, read a short excerpt:
Long bills can usually be purchased at a lower price than sight or cable exchange because the banker selling the long bill has the use of the money during the period the bill has to run. The difference in price, therefore, tends to vary with the rate of interest prevailing at the time the bill of exchange is sold. It is modified, however, by anticipated changes in the rates of exchange between the date of the sale of the bill and the date of its maturity.
The use of the bankers' long bill may b...e made clear by illus- tration. A in America owes B in England £i,ooo payable in 90 days from date. A has the money at hand to pay immediately, but there is no advantage in paying B in advance nor does A want to have his money idle. He finds that the rate for a bankers' check today is $3.76, while for a 90-day bill it is $3.70. In the one case it would cost him $3,760 and in the other $3,700 to buy the exchange with which to pay B. The long bill would obviously be cheaper by $60. He therefore invests his $3,700 in a bankers' long bin of £1,000 due in 90 days and sends this to his English creditor.
What to read after Banking Practice; a Textbook for Colleges And Schools of Business Administration?
You can find similar books in the "Read Also" column, or choose other free books by Langston, L. H. (Loyd Helvetius), 1891- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Long bills can usually be purchased at a lower price than sight or cable exchange because the banker selling the long bill has the use of the money during the period the bill has to run. The difference in price, therefore, tends to vary with the rate of interest prevailing at the time the bill of exchange is sold. It is modified, however, by anticipated changes in the rates of exchange between the date of the sale of the bill and the date of its maturity.
The use of the bankers' long bill may b...e made clear by illus- tration. A in America owes B in England £i,ooo payable in 90 days from date. A has the money at hand to pay immediately, but there is no advantage in paying B in advance nor does A want to have his money idle. He finds that the rate for a bankers' check today is $3.76, while for a 90-day bill it is $3.70. In the one case it would cost him $3,760 and in the other $3,700 to buy the exchange with which to pay B. The long bill would obviously be cheaper by $60. He therefore invests his $3,700 in a bankers' long bin of £1,000 due in 90 days and sends this to his English creditor.
What to read after Banking Practice; a Textbook for Colleges And Schools of Business Administration?
You can find similar books in the "Read Also" column, or choose other free books by Langston, L. H. (Loyd Helvetius), 1891- to read onlineMoreLess
Read book Banking Practice; a Textbook for Colleges And Schools of Business Administration for free
Write Review:
Guest
Read Also
7 / 10
User Reviews: