Virtual Money: Understanding the Power and Risks of Money's High-Speed Journey into Electronic Space; - 1st Edition/1st Printing

Name: Virtual Money: Understanding the Power and Risks of Money's High-Speed Journey into Electronic Space; - 1st Edition/1st Printing
Author: Solomon, Elinor Harris
ISBN: 9780195097474

Solomon, Elinor Harris

Language: English

Published by Oxford University Press [1997], New York and Oxford, England, 1997

0195097475 / 9780195097474

First Edition
Hardcover
Used

See all details

Seller: Books Tell You Why - ABAA/ILAB, Summerville, SC, U.S.A.Books Tell You Why - ABAA/ILAB

2-star seller

AbeBooks seller since December 3, 2002

Association member: ABAAILAB

View this seller's items

Hardcover

Condition: Used - Near fine

£ 38.01

Free Shipping

Ships within U.S.A.

Quantity: 1 available

Add to basket

Save for laterCreate a Want for similar items

Item description from seller

A bright first edition/first printing in Near Fine condition with bumped upper corners and address label to front flyleaf in alike dust-jacket with light edgewear; A critical evaluation of the virtual money phenomenon; 8vo; 286 pages.

Seller Inventory # 46131

Contact seller about this item

Report this item

Title: Virtual Money: Understanding the Power and Risks of Money's High-Speed Journey into Electronic Space; - 1st Edition/1st Printing
Author: Solomon, Elinor Harris
Publisher: Oxford University Press [1997], New York and Oxford, England
Publication year: 1997
Condition: Near Fine
Dust jacket: Near Fine
Binding: 1/4 Cloth
Language: English
ISBN 10: 0195097475
ISBN 13: 9780195097474
Edition: First Edition; First Printing.
Seller catalogs: Collection Starter::Hundred Dollars or Less

The amount of "virtual money" circling the globe each day is huge: the Federal Reserve's Fedwire and the New York-based CHIPS alone send out well over $2 trillion in virtual money daily. Retail systems such as credit and debit cards deliver several hundred billion more, meaning the combined dollar flow in just one day equals over one third of the USA's gross domestic product for an entire year. Trillions of dollars of ethereal money soar around the globe, on a narrow "real" money base, and with the growth of the Internet, these vast numbers are expected to grow. This volume provides an introduction to electronic monies, describing how each system works. Starting with gold and paper money, the author examines the growth of the credit card from the mid-1960s, when it was a status symbol for the wealthy, to its present near-universal use throughout America, and discusses the evolution of e-monies, such as "smart cards", e-cash, electronic wallets and cybermoney, and the prospect of electronic benefits transfers (EBT), which may replace food stamps by 1999. The text discusses the advantages and disadvantages of electronic money, looking at the benefits for consumers, investors and corporations as goods and services competing in world markets can be purchased instantly from anywhere across the globe. The hazards are also explored: the size of virtual money movements creates an enormous float which exceeds the amount of monetary reserves to back it up at any given moment and digital glitches can cause chaos, as in 1995 when a snafu which delayed the opening of Wall Street's Big Board by just one hour caused the Nasdaq Composite to fall 27 points. Other risks include fraud, piracy and invasion of privacy, as well as possible threats to national security. The author also explores the world of international money-laundering - a 300 billion-dollar-a-year business - showing how vast electronic wire transfers help conceal illegal activities.

"Synopsis" may belong to another edition of this title.

Books Tell You Why - ABAA/ILAB

Summerville, SC, U.S.A.

2-star seller

AbeBooks seller since December 3, 2002

Association member:

Shipping rates within U.S.A.

Item	5 to 14 business days	3 to 8 business days
First item	£ 0.00	£ 8.86

Delivery times are set by sellers and vary by carrier and location. Orders passing through Customs may face delays and buyers are responsible for any associated duties or fees. Sellers may contact you regarding additional charges to cover any increased costs to ship your items.

Payment methods

Bank Wire TransferPaypal

Store description

Books provide us with information and knowledge; they can make us happy, sad, smart..... they educate us in so many different ways. We at Books Tell You Why believe in the value of a quality book to provide essential information to kids and grown-ups alike to satisfy and stimulate further the curiosity that drives the development of mankind. What have you learned today? We strive to be leading edge with our products and commit to role model world class customer service. We go the extra mile to connect you with some of the most fascinating books you can find. Books tell you why!

Specialty

Caldecott and Newbery Medal winners, Christmas Books, Children's Books, Nobel Prize Winners, Highlights of Literature, Fine Press and Art Books, Out-of-Print Books, Rare, Gift Ideas, Collectible Cookbooks, and Benson, Gardner, Signed Modern First Editions, James Bond by Fleming, Books to Film

Association member

Members of these associations are committed to maintaining the highest standards. They vouch for the authenticity of all items offered for sale. They provide expert and detailed descriptions, disclose all significant defects and/or restorations, provide clear and accurate pricing, and operate with fairness and honesty during the purchase experience.

Seller's business information

Books Tell You Why, Inc.

1879 Whitehaven Road #2059
Grand Island, NY U.S.A. 14072

Contact sellerView this seller's itemsView seller's storefront

Terms of sale

Shipping after receipt of payment. Buyers specifying South Carolina or Ohio shipping addressrs agree that applicable state sales taxes will be added to their book purchase.

The whole purchase cost (incl. shipping & handling) will be refunded if listing is inaccurate or shipment is damaged. Returns need to be authorized prior to their shipment within 14 days of your receipt.

email: Books@BooksTellYouWhy.com
phone: +1 (843) 849-0283
fax: +1 (843) 849-6186

Right of withdrawal

If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.

Information regarding the right of withdrawal

Statutory right to withdraw

You have the right to withdraw from this contract within 14 days without giving any reason.

The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.

To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.

To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.

Effects of withdrawal

If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).

We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.

We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.

We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.

We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.

You shall send back the goods or hand them over to Books Tell You Why - ABAA/ILAB, Summerville, South Carolina, U.S.A., +1 843-253-0588, without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.

Exceptions to the right of withdrawal

The right of withdrawal does not apply to:

The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.

Shipping terms

Shipping costs are based on books weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact you to let you know extra shipping is required.