This edition had all images removed.

LoC No.: 20007740

Title: Elements of Foreign Exchange: A Foreign Exchange Primer

Note: Reading ease score: 60.0 (10th to 12th grade). Somewhat difficult to read.

Credits: Produced 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)

Summary: "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.)

Author: Escher, Franklin, 1881-1952

EBook No.: 29364

Published: Jul 10, 2009

Downloads: 66

Language: English

Subject: Foreign exchange

LoCC: Social sciences: Finance

Category: Text

Rights: Public domain in the USA.

This edition has images.

LoC No.: 20007740

Title: Elements of Foreign Exchange: A Foreign Exchange Primer

Note: Reading ease score: 60.0 (10th to 12th grade). Somewhat difficult to read.

Credits: Produced 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)

Summary: "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.)

Author: Escher, Franklin, 1881-1952

EBook No.: 29364

Published: Jul 10, 2009

Downloads: 66

Language: English

Subject: Foreign exchange

LoCC: Social sciences: Finance

Category: Text

Rights: Public domain in the USA.