The New Encyclopædia BritannicaEncyclopædia Britannica, 1983 - Encyclopedias and dictionaries |
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Page 24
The buying and selling of currencies The modified gold standard Methods of currency dealing Forward Four classes of ... currency in exchange for another currency and those who want to move in the opposite direction are able to do ...
The buying and selling of currencies The modified gold standard Methods of currency dealing Forward Four classes of ... currency in exchange for another currency and those who want to move in the opposite direction are able to do ...
Page 25
... currency is temporarily weak , it is presumably because of seasonal , cyclical , or other fac- tors . If on such an occasion private enterprise takes the opportunity to buy the currency while it is cheap , that tends to bring demand up ...
... currency is temporarily weak , it is presumably because of seasonal , cyclical , or other fac- tors . If on such an occasion private enterprise takes the opportunity to buy the currency while it is cheap , that tends to bring demand up ...
Page 26
... currency must cover their positions by selling an equivalent amount spot . The only way in which the au- thorities can prevent an excess offer of their currency forward from causing an immediate drain on their re- serves is by offering ...
... currency must cover their positions by selling an equivalent amount spot . The only way in which the au- thorities can prevent an excess offer of their currency forward from causing an immediate drain on their re- serves is by offering ...
Contents
would become the principal reserve asset while gold | 36 |
Excretion the elimination of the waste products of | 50 |
Volumes | 431 |
Copyright | |
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