Problems in Foreign Exchange
Problems in Foreign Exchange
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In our eReader you can find the full English version of the book. Read Problems in 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 Problems in Foreign Exchange
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Commission of London banker 1/40 per cent.
4. English stamp charges 1/20 per cent.
5. Margin of profit for American bank ^4 c^^* P^^ pound.
122 What price can an American banker pay for a 30-days' sight draft on a French merchant, documents deliverable against payment ? The conditions are as stated below : 1. New York rate for banker's checks on Paris 10. 75 francs.
2. Discount to be deducted by French banker, or re- bated to drawee if paid on presentation, 30 days' interest at bank rate 5 per ...cent.
3. French banker's commission 1/40 per cent.
4. French bill stamp 1/20 per cent.
5. Margin of profit for American bank 1/20 per cent.
112 PROBLEMS IN FOREIGN EXCHANGE 123 You have at your disposal in financing your export ship- ments 7 important methods (I enumerate them in this inaccu- rate way merely for convenience) : (a) Cash in New York or cash with order; (6) cash against documents; (c) sight draft; (d) 30 days' sight; (e) 90 days' sight; (/) long time credits with interest; (g) open account or open credit.
What to read after Problems in Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Martin Joseph Shugrue to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Commission of London banker 1/40 per cent.
4. English stamp charges 1/20 per cent.
5. Margin of profit for American bank ^4 c^^* P^^ pound.
122 What price can an American banker pay for a 30-days' sight draft on a French merchant, documents deliverable against payment ? The conditions are as stated below : 1. New York rate for banker's checks on Paris 10. 75 francs.
2. Discount to be deducted by French banker, or re- bated to drawee if paid on presentation, 30 days' interest at bank rate 5 per ...cent.
3. French banker's commission 1/40 per cent.
4. French bill stamp 1/20 per cent.
5. Margin of profit for American bank 1/20 per cent.
112 PROBLEMS IN FOREIGN EXCHANGE 123 You have at your disposal in financing your export ship- ments 7 important methods (I enumerate them in this inaccu- rate way merely for convenience) : (a) Cash in New York or cash with order; (6) cash against documents; (c) sight draft; (d) 30 days' sight; (e) 90 days' sight; (/) long time credits with interest; (g) open account or open credit.
What to read after Problems in Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Martin Joseph Shugrue to read onlineMoreLess
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