Money Exchange And Banking in Their Practical Theoretical And Legal Aspects
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To quickly assess the difficulty of the text, read a short excerpt:
The main consideration which influences the state of the Money Market is, of course, the amount of capital which is available for loans. Money is lent out at interest, and the amount Influences ^ m-terest * s tne price paid for the use of it. And the price to be paid for the use of money is dependent upon supply and demand, just as in the case of any other commodity. When there is an abundance of capital loans are granted at a low rate of interest ; when, on the contrary, there is a scarcity, t...he rate of interest is high. In point of fact the rate of interest is always an accurate indication of its scarcity or otherwise. Another important element is the state of credit, because there are large amounts of capital deposited in banks, and any feeling of distrust is sure to have a serious effect upon the total fund, especially by withdrawals, and this will be at once reflected in prices. Our methods of trade are largely based on the credit system. A takes B's cheque because he believes it will be paid, or A accepts bills drawn at 3 months' date, in pay- ment for goods, because he feels convinced that he will be able to pay the same at maturity.
What to read after Money Exchange And Banking in Their Practical Theoretical And Legal Aspects?
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:
The main consideration which influences the state of the Money Market is, of course, the amount of capital which is available for loans. Money is lent out at interest, and the amount Influences ^ m-terest * s tne price paid for the use of it. And the price to be paid for the use of money is dependent upon supply and demand, just as in the case of any other commodity. When there is an abundance of capital loans are granted at a low rate of interest ; when, on the contrary, there is a scarcity, t...he rate of interest is high. In point of fact the rate of interest is always an accurate indication of its scarcity or otherwise. Another important element is the state of credit, because there are large amounts of capital deposited in banks, and any feeling of distrust is sure to have a serious effect upon the total fund, especially by withdrawals, and this will be at once reflected in prices. Our methods of trade are largely based on the credit system. A takes B's cheque because he believes it will be paid, or A accepts bills drawn at 3 months' date, in pay- ment for goods, because he feels convinced that he will be able to pay the same at maturity.
What to read after Money Exchange And Banking in Their Practical Theoretical And Legal Aspects?
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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