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A Reckoner of the Foreign and Colonial Exchanges Between Seven Currency Intermediaries, for the Traveller, Trader, and Financier: (English)

A Reckoner of the Foreign and Colonial Exchanges Between Seven Currency Intermediaries, for the Traveller, Trader, and Financier: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ...-rr, = lo'208 rupees.--Ans. 1 X 1 X 16o x iit v 3 Convert 100 into rupees, and 66 into rupees, to which add 1 per cent. Divide the result of the latter by the result of the former to find the percentage rupees for 100 rupees. 100 x 15-208 = 1520-80 66 X 15-208 + 1 per cent. = 1018-784 1018-784 X 100 Acno lnn...y-Qf. = ob'ijy rupees per 100 rupees.--Ans. IV. Automatic Gold For Inconvertible Paper Based On Gold. Inconvertible paper, based upon one of the precious metals, is, perhaps, the most rotten intermediary which a country can use. On the sea-boards of the trading communities of the world a definite weight of gold, or a definite weight of silver, is the professed standard measure of value and equivalent in exchange to which each country has attached a sign for its chief money of account, as the pound, franc, and peso or dollar. A vast number of different communities use this wretched intermediary in Europe and the New World for both their internal and international interchanges of things. Nowhere throughout the East, among its 852 millions of peoples, is this abortive currency known. I. Travel. What is the value in London of 617 pesos, consisting of the best notes of the Argentine Bepublic? The gold peso is 22-4012 grains of gold. Gold is at 157 per cent. premium there. Charges and risk amount to 4 per cent. XXV. The sum is--? (pound)--617 paper pesos peso 1 = 22-4012 grains of gold grains of gold 113-0016 = 1 pound premium 257 = 100 100 = 96 Gold For Inconvertible Paper On Gold 37 Another method is to get at the absolute par between the intermediaries on the ratio of the day, the fluctuating factor being the paper premium on gold, and upon par in the money of the country in which the exchange is made to deduct...


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Product Details
  • ISBN-13: 9781230147109
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Series Title: English
  • Weight: 68 gr
  • ISBN-10: 1230147101
  • Publisher Date: 13 Sep 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 1 mm
  • Width: 189 mm


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A Reckoner of the Foreign and Colonial Exchanges Between Seven Currency Intermediaries, for the Traveller, Trader, and Financier: (English)
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A Reckoner of the Foreign and Colonial Exchanges Between Seven Currency Intermediaries, for the Traveller, Trader, and Financier: (English)
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