Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants
Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants
Henry Dent
The book Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants was written by author Henry Dent Here you can read free online of Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants a good or bad book?
What reading level is Transactions in Foreign Exchanges a Handbook for the Use of Bankers Merchants book?
To quickly assess the difficulty of the text, read a short excerpt:
4d. Yokohama, t. T. . . . 2s. T Vd. Alexandria, t. T. . . . Pi. 97^-. Rio de Janeiro, 90 days' sight . 16d. Valparaiso, 90 days' sight . . 9|d. Buenos Ayres, 90 days' sight . 48 T 7 F d. Montevideo, 90 days' sight . Sl^fd. New York, t. T $4-87-50. , , money rate . . 3 / . We see in the first list the quotation of : (a) 60 days' bills on New York 48| 48| (that means there are buyers of $ at 48fd. And sellers at 48|d. Per $), average price 48-8125, money rate in New York 3 % (quoted in the second... list). (6) 3 months' bills on Paris fr. 25-38f 43f, average price 25-41J, money rate in Paris 2| / (quoted in the second list). (a) A cheque on New York must be dearer than a bill due in 60 days. Taking the time of the voyage from London to New York as 7 days, such a bill is paid 53 days later than a cheque, which therefore has a higher value than the bill, viz. Plus the interest for 53 days on 48-8125d. = 48'812SX3X53 price of a cheque 365X100 on New York would be 48-8125 +0-2126 =49-0251(1. (b) When we receive for 1 a bill for fr.
User Reviews: