Modern Foreign Exchange: Monetary Systems, Intrinsic Equivalents and Commercial Rates of Exchange of All Countries and Their Relation to United States Money

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C. S. Hammond, 1920 - Foreign exchange - 112 pages
 

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Page 17 - GOLD EXCHANGE STANDARD wherein gold and other forms of money are legal tender, the conversion of the latter into gold being guaranteed directly by the Government by means of a conversion fund or otherwise, there being an artificial way of providing foreign exchange at fixed rates.
Page 17 - STANDABD wherein GOLD is the only full legal tender, other forms of money being maintained at a parity, with or without Government guarantee, by their permanent conversion into gold and by means of the limitation of their supply.
Page 23 - Circulation is composed of silver coins and Government notes, both of which are guaranteed by the British Government at the rate of 16 pence per Rupee. The theoretical unit, like in India, represents 0.48816 gramme of fine gold, equivalent to
Page 5 - INTRODUCTION TO THE SECOND EDITION The first edition of this book appeared a few months before the European War disturbed the entire financial structure of the world.
Page 23 - This guarantee is made effective by means of a conversion fund that provides for exchange of silver and notes into gold or foreign bills at said rate.
Page 86 - COMMERCIAL RATES OF EXCHANGE MAXIMUM AND MINIMUM RATES FOR EXCHANGE ON FOREIGN COUNTRIES IN THE UNITED STATES GOLD STANDARD...
Page 89 - Exchange on Liberia is nominal. It is figured on a gold basis, but its circulation is not gold.
Page 23 - ... conversion fund which provides for exchange at 15 Rupees per 1. The theoretical unit, then, weighs 0.48816 gramme of fine gold, equivalent to (') 0.32 4
Page 26 - But this law is not in operation and the circulation is composed of Government notes which are quoted on the market at rates fluctuating between 10 and 11 pence per PESO.
Page 17 - SILVER alone is legal tender, other forms of money being convertible into white metal only; and 4.

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