Foreign Exchange Explained: A Practical Treatment of the Subject for the Banker, the Business Man, and the Student

Foreign Exchange Explained: A Practical Treatment of the Subject for the Banker, the Business Man, and the Student

Read FREE!

Foreign Exchange Explained: A Practical Treatment of the Subject for the Banker, the Business Man, and the Student

Foreign Exchange Explained: A Practical Treatment of the Subject for the Banker, the Business Man, and the Student

Read FREE!

Excerpt

To a very large number of people who ten years ago had never even heard of a gear or a differential or a carburetor, these are to-day familiar terms. To an equally large number of persons, perhaps, such phrases as "demand sterling," "cables," "dollar drafts," etc. have, during the past few years, come to have a very definite and important meaning. Knowledge of foreign exchange used to be regarded as something of a luxury. It is, to-day, not far from being a necessity.

To supply the need for a book from which, without too great effort, the student, the business man, and the banker could get a working knowledge of the subject, the writing of " Foreign Exchange Explained" was undertaken. To set down, not a mass of figures and calculations, of interest only to the exchange expert and obsolete almost as soon as compiled, but rather a clean- cut, definite description of foreign exchange and of the underlying and unchanging principles on which it works --that has been the author's aim. So to state the theory of the thing as to make it applicable to everyday practical use--that has been his constant object.

If, in the attainment of this object, there has been any measure of success, it would seem perhaps as though that were due to the fact that the author's practical expe-

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