Organized Banking
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In our eReader you can find the full English version of the book. Read Organized Banking Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Organized Banking
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To quickly assess the difficulty of the text, read a short excerpt:
The items of cost involved in the shipping of bullion are familiar. A satisfactory discussion of this topic can be found in almost every textbook dealing with the subject of foreign exchange. Here only brief reference will be made to it. First may be mentioned the item of freight. This naturally varies with all the circumstances that nor- mally affect such^ST charge. NgxLi-irtsTtrance. This too varies with all factors affecting risk. Then there may be mentioned the loss of interest. Gold in the... hold of a ship is withdrawn from use unless special provision is made for advances of credit against the importation of gold. There may, however, be no loss of interest to the banker shipping gold because at the moment of shipment bills may be sold against the credit which the gold is expected INTERNATIONAL CLEARING 137 to establish. 1 But in cases where there is loss of interest this loss will naturally vary with the rate prevailing in the market from which the gold is withdrawn. Lastly may be mentioned the incidental costs involved in packing, carting, etc.
What to read after Organized Banking?
You can find similar books in the "Read Also" column, or choose other free books by Eugene Ewald Agger to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The items of cost involved in the shipping of bullion are familiar. A satisfactory discussion of this topic can be found in almost every textbook dealing with the subject of foreign exchange. Here only brief reference will be made to it. First may be mentioned the item of freight. This naturally varies with all the circumstances that nor- mally affect such^ST charge. NgxLi-irtsTtrance. This too varies with all factors affecting risk. Then there may be mentioned the loss of interest. Gold in the... hold of a ship is withdrawn from use unless special provision is made for advances of credit against the importation of gold. There may, however, be no loss of interest to the banker shipping gold because at the moment of shipment bills may be sold against the credit which the gold is expected INTERNATIONAL CLEARING 137 to establish. 1 But in cases where there is loss of interest this loss will naturally vary with the rate prevailing in the market from which the gold is withdrawn. Lastly may be mentioned the incidental costs involved in packing, carting, etc.
What to read after Organized Banking?
You can find similar books in the "Read Also" column, or choose other free books by Eugene Ewald Agger to read onlineMoreLess
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