A Study Of Exchange Direct And Through The Medium Of Currency Showing The Disaster Of The Excessive Multiplication Of The World S Currencies And How Recovery Cannot Be Secured Except By Way Of Redemption A Sine Qua Non Though Alone By No Means A Suffic

A Study of Exchange Direct and Through the Medium of Currency

Excerpt from A Study of Exchange Direct and Through the Medium of Currency: Showing the Disaster of the Excessive Multiplication of the World's Currencies and How Recovery Cannot Be Secured Except by Way of Redemption; A Sine Qua Non; Though Alone by No Means a Sufficient Measure of Recovery In this little book I set forth a study of exchanges, exchange direct and exchange through a medium. Of the importance of understanding the principles which govern exchange there can be no doubt, for it is by exchange that all men live, and without exchange no human life could long exist. In the ultimate analysis exchange is of services. These may be exchanged directly, or they may be exchanged through a medium. The medium employed is termed currency (legal currency), and every independent or sovereign country has its own separate currency. Currency then is an instrument for effecting exchanges which are made through it as a medium. Practically in the world as it is to-day, in industrial countries this includes nearly all exchanges. Hence the importance of this study, for if the medium currency is misunderstood, and is improperly handled, great disaster can result. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

A Study of Exchange Direct and Through the Medium of Currency

A Study of Exchange Direct and Through the Medium of Currency, Showing the Disaster of the Excessive Multiplication of the World's Currencies and How Recovery Cannot Be Secured Except by Way of Redemption, a Sine Qua Non, Though Alone by No Means a Suffic

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