ISBN: 9781332895083 - Modern Foreign Exchange: Monetary Systems, Intrinsic Equivalents and Commercial Rates of Exchange of All Countries and Their Relation to United States Money (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book explores the intricacies of monetary exchange systems employed globally. It opens with an overview of the gold standard, followed by an in-depth examination of the gold exchange standard and its practical applications. The author meticulously dissects the complexities of exchange rates, delving into the factors that influence their fluctuations. Furthermore, the book sheds light on the diverse range of financial instruments utilized in international trade, such as drafts, letters of credit, and the role played by securities in transferring funds. Throughout the book, the author provides valuable insights into the dynamics of exchange in foreign trade, emphasizing the significance of commercial letters of credit and the impact of gold points on exchange rates. The book concludes by highlighting the nuances of exchange rates in countries with varying levels of economic development, underscoring the challenges faced in negotiating exchange rates on less frequently traded currencies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…