Publisher's Synopsis
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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