Money and the Mechanism of Exchange

abrasion according adopted alloy American amount Bank of England bank-notes bankers barter become bills Boulton and Watt bronze bullion cent centimes century CHAPTER cheques circulation Clearing House coinage commodity consists convenient copper debt deposit depreciated documents dollar double standard exactly exist farthings fineness fixed France French functions of money German gold and silver gold coins gold pieces grains grams Gresham's law inconveniently interest international money issued kind legal tender less London loss measure of value medium of exchange melting ment merchants metallic currency metallic money metallic value monetary system money of account nations nominal value ounce paper money payment pence penny person possession pound sterling present day principal profit promissory notes quantity ratio receive representative money shillings silver coin sovereign Spanish dollar standard coins standard of value substance tion token coin token money transactions unit of value Wolowski