Funds And Their Uses A Book Describing The Methods Instruments And Institutions Employed In Modern Financial Transactions

Author : Frederick A. Clevel
Publisher : Forgotten Books
ISBN 13 : 9781330286258
Total Pages : 451 pages
Book Rating : 4.2/5 (862 download)

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Download or read book Funds and Their Uses written by Frederick A. Clevel and published by Forgotten Books. This book was released on 2015-06-12 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Funds and Their Uses: Introduction to Finance Describing, the Methods, Instruments, and Institutions of Modern Financial Transactions The wide recognition as a standard text accorded Professor Cleveland's Funds and Their Uses during the last two decades makes the work of revising it a privilege as well as a duty. Some features of the book deserve special notice. The practical point of view maintained throughout is one of these features; the subjects are presented as matters of actual occurrence, so that the reader is not detained in mere theorizing, but rather he is led simply and directly to an intimate and accurate knowledge of the financial instruments and institutions of modern business. At the outset, the title is explained; the term "funds" as used in the text has much the same meaning as "cash," but includes more - "any and all things which may be accumulated and which may be currently used in a community in exchange for goods or properties." Money and credit are treated as two different classes of "funds." Money is a form of funds which, when exchanged, completes the transaction; while credit is a form of funds which, when received in exchange or payment, is valued as a promise to deliver money in the future. Part I deals with our money system; following which it is pointed out that in most purchases and sales credit instead of money is used. But how and why this occurs is explained in Parts II and III, which deal respectively with credit instruments and credit institutions. In actual business practice funds are usually obtained by first having possessed one's self of something to sell - goods or services; although they may be obtained by gift or by inheritance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.