Commercial Arithmetic |
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Page 235
... arbitrated exchanges . Direct exchanges are operations between two countries based on their rates of exchange without the intervention of a third place . These are naturally the most common operations between any two places . Cross ...
... arbitrated exchanges . Direct exchanges are operations between two countries based on their rates of exchange without the intervention of a third place . These are naturally the most common operations between any two places . Cross ...
Page 236
... arbitrated rates is to find the best rate of all . A foreign rate is one expressed in foreign money — a sterling rate is one expressed in sterling money . A short price is the price of a bill at sight , or at short sight , which is ...
... arbitrated rates is to find the best rate of all . A foreign rate is one expressed in foreign money — a sterling rate is one expressed in sterling money . A short price is the price of a bill at sight , or at short sight , which is ...
Page 244
... Arbitrated Exchanges . It is at times advantageous to pay a debt or to receive a remittance in an indirect way , e.g. by purchasing bills on other places and sending them for sale in the place where a debt is owing . A merchant can only ...
... Arbitrated Exchanges . It is at times advantageous to pay a debt or to receive a remittance in an indirect way , e.g. by purchasing bills on other places and sending them for sale in the place where a debt is owing . A merchant can only ...
Page 245
... arbitrated rate would be unaffected by the time . Simple and compound arbitrated rates are equally unaffected by the time - both are determined by the chain rule . The charges involved in these indirect operations ( brokerages , stamps ...
... arbitrated rate would be unaffected by the time . Simple and compound arbitrated rates are equally unaffected by the time - both are determined by the chain rule . The charges involved in these indirect operations ( brokerages , stamps ...
Page 246
... arbitrated rates ( after observing whether the operation is in reality a remittance or a return and whether the rate is foreign or sterling ) -decide whether any arbitrated rate is more advantageous than the more favourable direct ...
... arbitrated rates ( after observing whether the operation is in reality a remittance or a return and whether the rate is foreign or sterling ) -decide whether any arbitrated rate is more advantageous than the more favourable direct ...
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Common terms and phrases
A. W. VERRALL aliquot Aliquotise Amsterdam annuity arbitrated assay Austrian florins Avoirdupois Bank Bar silver bills of exchange Brokerage 1 p.m. bullion bushels calculated carats cash balance centesimos centimes cents cheques College compound amount Course of Exchange currency cwts debt decametre decimal Decimalise Direct rates discount Divide dollar dwts endorsed English Example farthings Fcap Find price Fixed number florins fraction francs gallon galls given price gold coins grains grammes GREEK Hamburg hectolitres inches interest kilog kilogramme LATIN legal tender Lisbon litres London M.A. BOOK metre metric system millièmes milreis mils Multiply Note number of places Paris payment pence pesetas peso piastres places required correct premium Price per lb Prof Professor profit quoted rate of exchange remittances Rule rupee selling sight sold stamp sterling tael Troy Weights and Measures zero date
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