Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by William Cotton
page 6 of 144 (04%)
page 6 of 144 (04%)
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EASY STEPS TO MONEY MATTERS.
MONEY is the medium by which we may acquire from others, who are willing to part with them, such things as we may desire. The price of an article is the value set upon it by the possessor, as represented by an expressed sum in money. The price of some things are arbitrarily fixed by law or custom, such as stamps, professional fees, duties, &c. The standard of value in this country is gold, and it is as against gold, represented by coins of different denominations, that the value of all commodities is estimated. The authorised coins of the United Kingdom consist of the following pieces:- GOLD. Five-sovereign piece, equal to Five pounds. Two-sovereign piece, equal to Two pounds. One-sovereign piece, equal to One pound. Half-sovereign piece, equal to Half-a-pound. SILVER. A crown, or five-shilling piece, equal to one- fourth of a sovereign. Double-fiorin, or four-shilling piece, equal to |
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