History And Principles of Banks And Banking
History And Principles of Banks And Banking
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Trade would become restricted if they were abnormally high, because merchants would find it difficult to obtain a correspondingly higher value for their commodities. If, however, we get low rates of interest, production would be stimulated, and, as a consequence, trade becomes active ; but a high rate does not materially affect commerce, although great fluctuations may be detrimental. A high rate would stop speculation, and this at times is beneficial to the country ; it would also be the means... of preventing a certain amount of circulating capital being (155) J 56 BANKS AND BANKING. •converted into fixed ; that is, expended in the construction of railways, mines, docks and other similar undertakings, and in such cases capital would not be reproduced for a long term of years. We find reference made in financial journals as to the price of capital in relation to trade ; they inform us that at times the rate of discount should be reduced in order to afford relief to the mercantile community.
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You can find similar books in the "Read Also" column, or choose other free books by Harry Tucker Easton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Trade would become restricted if they were abnormally high, because merchants would find it difficult to obtain a correspondingly higher value for their commodities. If, however, we get low rates of interest, production would be stimulated, and, as a consequence, trade becomes active ; but a high rate does not materially affect commerce, although great fluctuations may be detrimental. A high rate would stop speculation, and this at times is beneficial to the country ; it would also be the means... of preventing a certain amount of circulating capital being (155) J 56 BANKS AND BANKING. •converted into fixed ; that is, expended in the construction of railways, mines, docks and other similar undertakings, and in such cases capital would not be reproduced for a long term of years. We find reference made in financial journals as to the price of capital in relation to trade ; they inform us that at times the rate of discount should be reduced in order to afford relief to the mercantile community.
What to read after History And Principles of Banks And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Harry Tucker Easton to read onlineMoreLess
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