Memoranda On a New Monetary System for China ..
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The methods to be adopted are, of course, in part the same, but further steps may also need to be taken.
The principal measures to be recommended are the "following: i.— The amount of coinage should be strictly limited and kept entirely within governmental control. In the case of the fractional coins, it has been said that this measure alone is sufficient to maintain the parity. It is probable, likewise, that in the case of the larger silver coins a strict limitation of the quantity issued to t...he proper demands of business would be, on the whole, the most efficient and the most important of the means for maintaining the parity. There is in every country a certain amount of money work to be done by each class of money. There are a certain number of payments to be made in effecting exchanges. Some payments are for small amounts, which demand a supply of copper cash. All the larger trans- actions will demand either the unit coin or multiples of the unit for their payment, although, of course, a great saving of the metal coins is made by the use of bank notes, checks, bills -of exchange, book accounts and other common devices.
What to read after Memoranda On a New Monetary System for China ..?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The methods to be adopted are, of course, in part the same, but further steps may also need to be taken.
The principal measures to be recommended are the "following: i.— The amount of coinage should be strictly limited and kept entirely within governmental control. In the case of the fractional coins, it has been said that this measure alone is sufficient to maintain the parity. It is probable, likewise, that in the case of the larger silver coins a strict limitation of the quantity issued to t...he proper demands of business would be, on the whole, the most efficient and the most important of the means for maintaining the parity. There is in every country a certain amount of money work to be done by each class of money. There are a certain number of payments to be made in effecting exchanges. Some payments are for small amounts, which demand a supply of copper cash. All the larger trans- actions will demand either the unit coin or multiples of the unit for their payment, although, of course, a great saving of the metal coins is made by the use of bank notes, checks, bills -of exchange, book accounts and other common devices.
What to read after Memoranda On a New Monetary System for China ..?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
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