000 02337cam a22003133u 4500
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010 _a20007740
040 _aUtSlPG
041 7 _aen
_2iso639-1
050 4 _aHG
100 1 _aEscher, Franklin,
_d1881-1952
245 1 0 _aElements of Foreign Exchange: A Foreign Exchange Primer
264 1 _aSalt Lake City, UT :
_bProject Gutenberg,
_c2009
300 _a1 online resource :
_bmultiple file formats
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aRelease date is 2009-07-10
508 _aProduced by The Online Distributed Proofreading Team at http://www.pgdp.net (This file was produced from images generously made available by The Internet Archive/Canadian Libraries)
520 _a"Elements of Foreign Exchange: A Foreign Exchange Primer" by Franklin Escher is an educational publication written in the early 20th century. The text serves as a comprehensive guide to understanding the intricacies of foreign exchange markets, aiming to demystify this financial realm for those without prior knowledge. The subject matter centers around the mechanisms of foreign exchange, the types of obligations that create demand and supply, and the factors influencing exchange rates. The opening of the primer sets the stage for a clear explanation of foreign exchange, detailing how obligations between international creditors and debtors are settled through drafts and bills of exchange. Escher outlines the different ways merchants and banks facilitate international trade through these instruments, emphasizing the core economic principles that drive the foreign exchange market. He establishes that the fluctuating rates of exchange are influenced by varying demands and supplies, driven by trade activity, capital flows, and international investment practices. The text aims to provide readers with a solid foundation in foreign exchange while making the potentially complex subject accessible and interesting. (This is an automatically generated summary.)
534 _nOriginal publication data not identified
653 _aForeign exchange
856 4 0 _uhttps://www.gutenberg.org/ebooks/29364
999 _c70212
_d70212