The Principles of Money And Banking volume 1
The Principles of Money And Banking volume 1
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In our eReader you can find the full English version of the book. Read The Principles of Money And Banking volume 1 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 The Principles of Money And Banking volume 1
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2 In Great Britain the adherence of the coin to the legal standard is determined by what is called "the trial of the Pyx. " A certain number of coins of each denomination are placed after each day's work in a box called the Pyx, and an official board annually makes a rigid test of the accuracy of the coinage. The standard troy pound is kept in the chapel of the Pyx at Westminster. In the United States coins are set aside in a similar manner, and are tested by a committee of citizens appointed b...y the President and known as the Assay Commission. 3 Even after money came into general use at the trading centres and official coinage had been adopted by leading European states, gold and silver continued to pass more frequently by weight than by tale, and were admitted into international trade for their intrinsic value rather than for marks impressed upon them by the state. This was the natural result of debasements and wear and tear upon the coinage. It has been only in recent times that the state has assumed in practice the jealous restriction of the national circulation to the national coins and made itself responsible for their maintenance at their legal weight.
What to read after The Principles of Money And Banking volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
2 In Great Britain the adherence of the coin to the legal standard is determined by what is called "the trial of the Pyx. " A certain number of coins of each denomination are placed after each day's work in a box called the Pyx, and an official board annually makes a rigid test of the accuracy of the coinage. The standard troy pound is kept in the chapel of the Pyx at Westminster. In the United States coins are set aside in a similar manner, and are tested by a committee of citizens appointed b...y the President and known as the Assay Commission. 3 Even after money came into general use at the trading centres and official coinage had been adopted by leading European states, gold and silver continued to pass more frequently by weight than by tale, and were admitted into international trade for their intrinsic value rather than for marks impressed upon them by the state. This was the natural result of debasements and wear and tear upon the coinage. It has been only in recent times that the state has assumed in practice the jealous restriction of the national circulation to the national coins and made itself responsible for their maintenance at their legal weight.
What to read after The Principles of Money And Banking volume 1?
You can find similar books in the "Read Also" column, or choose other free books by Conant, Charles A. (Charles Arthur), 1861-1915 to read onlineMoreLess
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