Money and the Mechanism of ExchangeH.S. King & Company, 1876 - 349 páginas |
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Página 5
... profit by buying from some and selling to others . All such trouble is avoided if any one commodity be chosen , and its ratio of exchange with each other com- modity be quoted . Knowing how much corn is to be bought for a pound of ...
... profit by buying from some and selling to others . All such trouble is avoided if any one commodity be chosen , and its ratio of exchange with each other com- modity be quoted . Knowing how much corn is to be bought for a pound of ...
Página 64
... profit . He held that just as people go by preference to the grocer who sells good tea , and to the baker whose loaves are sound and of full weight , so the honest and successful coiner would gain possession of the market , and his ...
... profit . He held that just as people go by preference to the grocer who sells good tea , and to the baker whose loaves are sound and of full weight , so the honest and successful coiner would gain possession of the market , and his ...
Página 65
... profit . The multitude of these depreciated pieces in circulation was so great , that the magistrates and in- habitants of Stockport held a public meeting , and resolved to take no halfpence in future but those of the Anglesey Company ...
... profit . The multitude of these depreciated pieces in circulation was so great , that the magistrates and in- habitants of Stockport held a public meeting , and resolved to take no halfpence in future but those of the Anglesey Company ...
Página 80
... , or goldsmiths make it their business to be acquainted with such differences , and know how to derive a profit from them . These are the people who frequently uncoin money , either by melting it , or 80 MONEY . Gresham's.
... , or goldsmiths make it their business to be acquainted with such differences , and know how to derive a profit from them . These are the people who frequently uncoin money , either by melting it , or 80 MONEY . Gresham's.
Página 82
... profit to them- selves . Thus there is a natural tendency to the depre- ciation of the metallic currency , which can only be prevented by the constant supervision of the state . From Gresham's law we may infer the necessity of two ...
... profit to them- selves . Thus there is a natural tendency to the depre- ciation of the metallic currency , which can only be prevented by the constant supervision of the state . From Gresham's law we may infer the necessity of two ...
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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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