Money And Currency in Relation to Industry, Prices, And the Rate of Interest
Money And Currency in Relation to Industry, Prices, And the Rate of Interest
The book Money And Currency in Relation to Industry, Prices, And the Rate of Interest was written by author Here you can read free online of Money And Currency in Relation to Industry, Prices, And the Rate of Interest book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Money And Currency in Relation to Industry, Prices, And the Rate of Interest a good or bad book?
Where can I read Money And Currency in Relation to Industry, Prices, And the Rate of Interest for free?
In our eReader you can find the full English version of the book. Read Money And Currency in Relation to Industry, Prices, And the Rate of Interest 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 Money And Currency in Relation to Industry, Prices, And the Rate of Interest
In our eReader you can find the full English version of the book. Read Money And Currency in Relation to Industry, Prices, And the Rate of Interest 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 Money And Currency in Relation to Industry, Prices, And the Rate of Interest
What reading level is Money And Currency in Relation to Industry, Prices, And the Rate of Interest book?
To quickly assess the difficulty of the text, read a short excerpt:
If the supply of sterling bills is so large in New York that bankers are forced to offer them for less than 1^4.846, it soon becomes profitable for some house to buy sterling at this rate and at the same time order gold shipped from London. If a banking house can buy sterling at $4,843 and import gold from London at an expense of only two cents on the sovereign, it makes a small percentage of profit by the transaction ; if the importation amounts to a million dollars, the profit would be 1 Duri...ng the last quarter of the nineteenth century the cost of shipping gold from New York to London fell from three to two cents per pound sterling. The charges for freight and insurance both declined, while the increased speed of transatlantic liners reduced the loss on account of interest.
The following figures, showing the cost of shipping $1,000,000 in gold from New York to London, were furnished by the representative of one of the largest New York banking houses.
Invested in fine bars, 23,200,000 gr.
What to read after Money And Currency in Relation to Industry, Prices, And the Rate of Interest?
You can find similar books in the "Read Also" column, or choose other free books by Johnson, Joseph French, 1853-1925 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the supply of sterling bills is so large in New York that bankers are forced to offer them for less than 1^4.846, it soon becomes profitable for some house to buy sterling at this rate and at the same time order gold shipped from London. If a banking house can buy sterling at $4,843 and import gold from London at an expense of only two cents on the sovereign, it makes a small percentage of profit by the transaction ; if the importation amounts to a million dollars, the profit would be 1 Duri...ng the last quarter of the nineteenth century the cost of shipping gold from New York to London fell from three to two cents per pound sterling. The charges for freight and insurance both declined, while the increased speed of transatlantic liners reduced the loss on account of interest.
The following figures, showing the cost of shipping $1,000,000 in gold from New York to London, were furnished by the representative of one of the largest New York banking houses.
Invested in fine bars, 23,200,000 gr.
What to read after Money And Currency in Relation to Industry, Prices, And the Rate of Interest?
You can find similar books in the "Read Also" column, or choose other free books by Johnson, Joseph French, 1853-1925 to read onlineMoreLess
Read book Money And Currency in Relation to Industry, Prices, And the Rate of Interest for free
You can download books for free in various formats, such as epub, pdf, azw, mobi, txt and others on book networks site. Additionally, the entire text is available for online reading through our e-reader. Our site is not responsible for the performance of third-party products (sites).
Write Review:
User Reviews: