Description
Excerpt from Money-Changing an Introduction to Foreign Exchange
This being so, we have first to consider what we mean when we speak of money, and to see whether there is any essential difference between English money and foreign.
Money has several meanings. If we say colloquially that Mr. Croesus has heaps of money, we mean that he has great possessions in land or mortgages, or stocks and shares, or factories or businesses, from which he draws a big income. Or, if the newspapers say that money in the City is scarce and dear, they mean that bankers are not lending freely, and are charging high prices for loans. But more usually money means a piece of paper or metal with which we pay for what we want, and for which we workers sell our labour; and this is the sense in which I use the word when I say that Foreign Exchange is the business of money-changing.
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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.
This being so, we have first to consider what we mean when we speak of money, and to see whether there is any essential difference between English money and foreign.
Money has several meanings. If we say colloquially that Mr. Croesus has heaps of money, we mean that he has great possessions in land or mortgages, or stocks and shares, or factories or businesses, from which he draws a big income. Or, if the newspapers say that money in the City is scarce and dear, they mean that bankers are not lending freely, and are charging high prices for loans. But more usually money means a piece of paper or metal with which we pay for what we want, and for which we workers sell our labour; and this is the sense in which I use the word when I say that Foreign Exchange is the business of money-changing.
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.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
Hartley Withers
Published Date -
ISBN - 9780265164037
Dimensions - 22.9 x 15.2 x 1.1 cm
Page Count - 200
Paperback
Contributors
Author
Hartley Withers
Published Date -
ISBN - 9781330529553
Dimensions - 22.9 x 15.2 x 1.1 cm
Page Count - 202
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