Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants
Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants
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In our eReader you can find the full English version of the book. Read Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants 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 Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants
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To quickly assess the difficulty of the text, read a short excerpt:
4d. Yokohama, t. T. . . . 2s. T Vd.
Alexandria, t. T. . . . Pi. 97^-.
Rio de Janeiro, 90 days' sight . 16d. Valparaiso, 90 days' sight . . 9|d. Buenos Ayres, 90 days' sight . 48 T 7 F d. Montevideo, 90 days' sight . Sl^fd.
New York, t. T $4-87-50.
, , money rate . . 3 / .
We see in the first list the quotation of : (a) 60 days' bills on New York 48| 48| (that means there are buyers of $ at 48fd. And sellers at 48|d. Per $), average price 48-8125, money rate in New York 3 % (quoted in the second... list).
(6) 3 months' bills on Paris fr. 25-38f 43f, average price 25-41J, money rate in Paris 2| / (quoted in the second list).
(a) A cheque on New York must be dearer than a bill due in 60 days. Taking the time of the voyage from London to New York as 7 days, such a bill is paid 53 days later than a cheque, which therefore has a higher value than the bill, viz. Plus the interest for 53 days on 48-8125d.
= 48'812SX3X53 price of a cheque 365X100 on New York would be 48-8125 +0-2126 =49-0251(1.
(b) When we receive for 1 a bill for fr.
What to read after Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants?
You can find similar books in the "Read Also" column, or choose other free books by Henry Dent to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
4d. Yokohama, t. T. . . . 2s. T Vd.
Alexandria, t. T. . . . Pi. 97^-.
Rio de Janeiro, 90 days' sight . 16d. Valparaiso, 90 days' sight . . 9|d. Buenos Ayres, 90 days' sight . 48 T 7 F d. Montevideo, 90 days' sight . Sl^fd.
New York, t. T $4-87-50.
, , money rate . . 3 / .
We see in the first list the quotation of : (a) 60 days' bills on New York 48| 48| (that means there are buyers of $ at 48fd. And sellers at 48|d. Per $), average price 48-8125, money rate in New York 3 % (quoted in the second... list).
(6) 3 months' bills on Paris fr. 25-38f 43f, average price 25-41J, money rate in Paris 2| / (quoted in the second list).
(a) A cheque on New York must be dearer than a bill due in 60 days. Taking the time of the voyage from London to New York as 7 days, such a bill is paid 53 days later than a cheque, which therefore has a higher value than the bill, viz. Plus the interest for 53 days on 48-8125d.
= 48'812SX3X53 price of a cheque 365X100 on New York would be 48-8125 +0-2126 =49-0251(1.
(b) When we receive for 1 a bill for fr.
What to read after Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants?
You can find similar books in the "Read Also" column, or choose other free books by Henry Dent to read onlineMoreLess
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