Currency and BankingH. S. King, 1876 - 176 páginas |
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Página 2
... action of such instruments should be in- comprehensible to man's reason is assuredly a most astonishing marvel . And what increases the wonder is the certain fact that it is of vital importance to every nation to solve correctly the ...
... action of such instruments should be in- comprehensible to man's reason is assuredly a most astonishing marvel . And what increases the wonder is the certain fact that it is of vital importance to every nation to solve correctly the ...
Página 4
... action , and the laws of currency . But the word currency is an abstract term , a generic expression ; we must begin with the concrete , before we can sum up and generalise in an abstract formula . We must go to another word , money ...
... action , and the laws of currency . But the word currency is an abstract term , a generic expression ; we must begin with the concrete , before we can sum up and generalise in an abstract formula . We must go to another word , money ...
Página 9
... . To overcome this difficulty - a difficulty which would have been fatal to civilization - money was invented ; and it removes the obstacle perfectly . The ΙΟ WHY MONEY WAS INVENTED . action of money is METALLIC CURRENCY . 9.
... . To overcome this difficulty - a difficulty which would have been fatal to civilization - money was invented ; and it removes the obstacle perfectly . The ΙΟ WHY MONEY WAS INVENTED . action of money is METALLIC CURRENCY . 9.
Página 10
... action and essence of the use of money . A sale for money is thus half a transaction - the exchange is com- pleted only when the shoemaker has obtained with the hatter's money at his own choice one of those com- modities which was his ...
... action and essence of the use of money . A sale for money is thus half a transaction - the exchange is com- pleted only when the shoemaker has obtained with the hatter's money at his own choice one of those com- modities which was his ...
Página 12
... action of money . But many deny the accuracy of this analysis . It is the coining , they say , the stamp impressed on the money , which gives it its value . The worth , the buying power of a sovereign , they insist , is settled by the ...
... action of money . But many deny the accuracy of this analysis . It is the coining , they say , the stamp impressed on the money , which gives it its value . The worth , the buying power of a sovereign , they insist , is settled by the ...
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Términos y frases comunes
Bank Charter Act Bank of England bank-notes Bank's banker BONAMY PRICE borrowers bought capital cash cheques and bills circulation Cloth coin commodity consumed convertible corn Cornhill Library creditor crisis Crown 8vo debtor debts demand Demy 8vo depositors doctrine English fact farmer Fcap fifteen millions France Frontispiece give gold Government Henry Illustrations inconvertible International Scientific Series Issue Department issuer King and Co.'s legal tender lend lent Library of Fiction LL.D loans LOMBARD STREET loss means ment metal money market nation notes obtain paid panic paper currency paper dollar payment Poems Portrait Post 8vo pound procure Prof Professor profit purchase quantity railway rate of discount receive reserve ROBIN GRAY Second Edition securities sell seller shillings Small crown 8vo sold sovereign Stoke Bishop Stopford Brooke suspension thing Third Edition tion tool of exchange trade Translated vols Volume WALTER BAGEHOT wealth word worth
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