Foreign Exchange
Foreign Exchange
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In our eReader you can find the full English version of the book. Read Foreign Exchange 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 Foreign Exchange
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The element of hazard, lack of knowledge and desire for gain of the private creditors of Italy are important elements in de- termining the enormous cost to Ital- ians of credits for their purchases for war needs. To the extent that the United States, for example, furnishes credits to Italy, Italian purchasers only pay the ordinary war prices, but precisely to the extent that private credit is extended to Italy, Italy at present is paying approximately ten per cent, interest and a hundred per ce...nt, bonus on the credits extended to her. This should be immediately corrected.
[44] FOREIGN EXCHANGE This egregious example will dem- onstrate the importance of obtaining for Italy sufficient credits at fair rates to cover her purchases during the war, and it illustrates precisely and fully the necessity of pro- viding the United States with like credit facilities at fair rates for purchasing from Spain, from the European neutrals and from other nations where there is a deprecia- tion of the currency of the United States.
What to read after Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Robert Latham Owen to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The element of hazard, lack of knowledge and desire for gain of the private creditors of Italy are important elements in de- termining the enormous cost to Ital- ians of credits for their purchases for war needs. To the extent that the United States, for example, furnishes credits to Italy, Italian purchasers only pay the ordinary war prices, but precisely to the extent that private credit is extended to Italy, Italy at present is paying approximately ten per cent, interest and a hundred per ce...nt, bonus on the credits extended to her. This should be immediately corrected.
[44] FOREIGN EXCHANGE This egregious example will dem- onstrate the importance of obtaining for Italy sufficient credits at fair rates to cover her purchases during the war, and it illustrates precisely and fully the necessity of pro- viding the United States with like credit facilities at fair rates for purchasing from Spain, from the European neutrals and from other nations where there is a deprecia- tion of the currency of the United States.
What to read after Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Robert Latham Owen to read onlineMoreLess
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