PART III.

Of Exchange.

CHAP. I. OF the first principles of exchange, 310

CHAP. II. How to determine exactly the true and intrinsic 316

value of the metals, coin, or money, in which a balance

to foreign nations is to be paid,

CHAP. III. How to remove the inconveniences which occur in 325

paying balances with the metals or coin of a nation,

CHAP. IV. How the price of exchange, _in a prosperous 333

trading nation_, may be prevented from operating upon the

whole mass of reciprocal payments, instead of affecting

the balance only,

CHAP. V. How, when other expedients prove ineffectual for 344

discharging of balances, the same may be paid by the

means of credit, without the intervention of coin or

bullion; and who are they who ought to conduct that

operation,

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An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes · 第 3 / 16 章