The Ways and Means of Payment |
Contents
INTRODUCTION | 1 |
Banknotes not money but promissory notes of banksPerform | 2 |
Fallacy of making foreign exchange a criterion of domestic cur | 3 |
Copyright | |
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Common terms and phrases
actual adjustment adopted amount balances bank credits Bank of England Bank of Venice bank-notes bankers bills of exchange books of account Britain British coinage cent century circulation coinage coins or bullion commerce commercial paper commodities convenience correspond credit system creditors customers debasement debtors debts demand denominations deposits depreciation discounted dollar effect employed equal equivalent evil exported expressed extent facility fact fluctuations foreign France fund Genoa gold and silver gold or silver holders interest issued legal tender less measure medium of exchange ment merchants minds mischief mode of payment money of account mutual NOTES TO CHAPTER operation ounce paid parties payable pound sterling pound unit precious metals price of gold promissory notes proportion purchase quantity of gold received shillings and pence silver coins sovereign Spanish dollars specie standard tion transactions transfer weight whole