Currency And Banking
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In our eReader you can find the full English version of the book. Read 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 Currency And Banking
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These are his resources the staple in which he deals, debts. What does he do with them ? which means, How is it that at the Clearing House he may send in cheques for 100, 000, and is paid with a cheque on the Bank of England for perhaps 50? Manifestly, he does not collect money and send it round to each of his customers for whom he undertook to collect it. That would not be banking, it would be a mere col lecting agency. The real question is, How comes it to pass that he has a right to receive ...100, 000 from the Clearing House, and is paid only 50 ? What are these counter claims against him which have reduced his payment to such a trifle ? They are claims of his own making. He knows that he would have a right to receive 100, 000 at the Clearing House, but he does not want to receive this sum in money. The money would be useless to him, it would do him no good. Instead of that he finds borrowers, who seek means wherewith to make purchases. He bids them buy the goods they desire and pay for them with cheques drawn upon his bank.
What to read after Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Bonamy Price to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
These are his resources the staple in which he deals, debts. What does he do with them ? which means, How is it that at the Clearing House he may send in cheques for 100, 000, and is paid with a cheque on the Bank of England for perhaps 50? Manifestly, he does not collect money and send it round to each of his customers for whom he undertook to collect it. That would not be banking, it would be a mere col lecting agency. The real question is, How comes it to pass that he has a right to receive ...100, 000 from the Clearing House, and is paid only 50 ? What are these counter claims against him which have reduced his payment to such a trifle ? They are claims of his own making. He knows that he would have a right to receive 100, 000 at the Clearing House, but he does not want to receive this sum in money. The money would be useless to him, it would do him no good. Instead of that he finds borrowers, who seek means wherewith to make purchases. He bids them buy the goods they desire and pay for them with cheques drawn upon his bank.
What to read after Currency And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Bonamy Price to read onlineMoreLess
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