Publisher's Synopsis
Excerpt from Foreign Exchange Explained: A Practical Treatment of the Subject, for the Banker, the Business, Man, and the Student
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.
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