Publisher's Synopsis
Excerpt from Observations on the Principles Which Regulate the Course of Exchange: And on the Present Depreciated State of the Currency
The rate of the computed exchange, then, will vary from two causes, totally distinct from each other. The first, arising from the abundance or scarcity of bills in the market, is the foundation of what may be called the real exchange, which depends upon the payments 9. Country has te make, compared with those it has to receive, and has no reference to the state of the cur reney. 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.
