"Nominal value" Quotes from Famous Books
 ... the rule for lessening or avoiding present inconvenience should not be so to order matters, by raising the silver and depressing the gold, as that the total sum of coined cash within the kingdom shall, in denomination, remain the same, or amount to the same nominal value, after the ...
— The Querist • George Berkeley
... of paper-money in China is at least as old as the beginning of the 9th century. In 1160 the system had gone to such excess that government paper equivalent in nominal value to 43,600,000 ounces of silver had been issued in six years, and there were local notes besides; so that the Empire was flooded with rapidly ...
— The Travels of Marco Polo Volume 1 • Marco Polo and Rustichello of Pisa
... was of no advantage to the state. A recoinage was ordered, by which the currency was depreciated one-fifth; those who took a thousand pieces of gold or silver to the mint received back an amount of coin of the same nominal value, but only four-fifths of the weight of metal. By this contrivance the treasury gained seventy-two millions of livres, and all the commercial operations of the country were disordered. A trifling diminution of the taxes silenced the clamours of the people, ...
— Memoirs of Extraordinary Popular Delusions - Vol. I • Charles Mackay
... that the loans have so far not exceeded four-tenths of the value of mortgaged property; but as the yeomen farmers generally contrive to borrow on second mortgages, it may safely be assumed, that their estates are charged with interest at 4-1/4 to 6 per cent. on a considerable part of the nominal value of what is not purely forest land, in addition to an annual repayment of 3 per cent. of the capital borrowed from the State Mortgage Bank. The forests, on the other hand, have been largely used up in paying the interest and capital on those loans, either by cutting them down, or by leasing or ...
— The Quarterly Review, Volume 162, No. 324, April, 1886 • Various |
