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Home > Biographies & Memoire > Biography and non-fiction prose > Anthologies: general > A Complete Analysis, or Abridgment, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations
A Complete Analysis, or Abridgment, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations

A Complete Analysis, or Abridgment, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1821 edition. Excerpt: ...small states have enacted that foreign bills of certain value, should be paid by a transfer in the books of a certain bank, which is obliged to pay in good and true standard money. The banks of Hamburgh, Amsterdam, &c. were established with this view. The money of such banks, being better than the currency, bore an agio. The agio of Hamburgh is about 14 per cent. p. 276. Before 1609, the currency of Amsterdam was 9 per cent. below fresh money from the mint. The merchants could not always find a sufficient quantity of good money to pay their bills of exchange, and the value of those bills became uncertain. To remedy this, a bank was established under the guarantee of the city. This bank received all sorts of coin at its intrinsic value, deducting the expence of coinage, and of management, and gave a credit for it, in its books. This credit was called bank money, which was always of the same real value, and worth more than the currency. It was enacted that all bills of exchange drawn upon, or negociated at Amsterdam, of the value of 600 guilders and upwards, should be paid in bank money. Consequently every merchant was obliged to keep an account with the bank in order to pay his bills of exchange, which occasioned a certain demand for bank money, p. 277 Bank money has other advantages; it is secure from accidents, and can be paid away by simple transfer. In consequence of these advantages, it has always borne an agio. The money deposited in the banks is believed to remain there, nobody caring to demand payment of the bank of a debt which he could sell for a premium. Besides, by being brought from the bank it lost all the advantages of bank money, nor could it be brought from its coffers without paying for the keeping. Those deposits of coin...


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Product Details
  • ISBN-13: 9781154668513
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 96
  • Spine Width: 5 mm
  • Width: 189 mm
  • ISBN-10: 1154668517
  • Publisher Date: 01 Jun 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 186 gr


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