Money and the Mechanism of ExchangeH.S. King & Company, 1876 - 349 páginas |
Dentro del libro
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Página 14
... convenience of borrow- ing and lending in one generally recognized commodity , of which the value varies little . Every person making a contract by which he will receive something at a future day , will prefer to secure the receipt of a ...
... convenience of borrow- ing and lending in one generally recognized commodity , of which the value varies little . Every person making a contract by which he will receive something at a future day , will prefer to secure the receipt of a ...
Página 15
... convenient form for conveyance to distant places . Money , when acting as a medium of exchange , circulates backwards and forwards near the same spot , and may sometimes return to the same hands again and again . It subdivides and ...
... convenient form for conveyance to distant places . Money , when acting as a medium of exchange , circulates backwards and forwards near the same spot , and may sometimes return to the same hands again and again . It subdivides and ...
Página 16
... convenience , and may not always be desirable . We might certainly employ one substance as a medium of exchange , a second as a measure of value , a third as a standard of value , and a fourth as a store of value . In buying and selling ...
... convenience , and may not always be desirable . We might certainly employ one substance as a medium of exchange , a second as a measure of value , a third as a standard of value , and a fourth as a store of value . In buying and selling ...
Página 17
... convenience in selecting , if possible , one single substance which can serve all the functions of money . It will save trouble if we can pay in the same money in which the prices of things are calculated . As few people have the time ...
... convenience in selecting , if possible , one single substance which can serve all the functions of money . It will save trouble if we can pay in the same money in which the prices of things are calculated . As few people have the time ...
Página 19
... convenient currency , and this truth will be best impressed upon us by a brief consideration of the very numerous things which have at one time or other been employed as money . Though there are many numis- matists and many political ...
... convenient currency , and this truth will be best impressed upon us by a brief consideration of the very numerous things which have at one time or other been employed as money . Though there are many numis- matists and many political ...
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Términos y frases comunes
adopted alloy amount arise average balance Bank of England bank-notes bankers barter bills Boulton and Watt bronze bullion cash cent centimes CHAPTER Cheque and Clearing Cheque Bank circulation Clearing House clearing system coinage commodities convenient copper debt decimal demand deposit depreciated dollar double standard employed English exactly exist foreign France French German gold and silver gold coins grains grams Gresham's Law inconveniences inconvertible interest issued kind legal tender less London London Clearing House loss measure of value medium of exchange ment merchants metallic currency metallic money metallic value method millions money of account nations nominal value ounce paid paper currency paper money payment pence penny person pound pound sterling principal profit quantity ratio receive representative money reserve seignorage shilling silver coin sovereign standard of value tion token coins token money trade transactions unit of value weight Wolowski
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