Selling Latin America

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Multivolume work

Identifikator:: 1895264332

Document type:: Multivolume work

Author:: Myers, Gustavus

Title:: Geschichte der großen amerikanischen Vermögen

Place of publication:: Berlin

Publisher:: Fischer

Year of publication:: 1916 -

Collection:: Economics Books

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Volume

Identifikator:: 1895266750

URN:: urn:nbn:de:zbw-retromon-242184

Document type:: Volume

Author:: Myers, Gustavus http://d-nb.info/gnd/10190651X

Title:: Geschichte der großen amerikanischen Vermögen

Volume count:: Bd. 1

Place of publication:: Berlin

Publisher:: Fischer

Year of publication:: 1916

Scope:: XL, 412 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Multivolume work

Structure type:: Contents

Collection:: Economics Books

3o 4 SELLING LATIN AMERICA named in the Letter of Credit, by means of sight or time drafts. Customary means to pre vent forgery of the holder’s signature are pro vided. On presenting this document to the bank’s foreign correspondent, the sum desired is advanced in the money of the country or in the monetary terms expressed in the Letter of Credit. These Letters of Credit are always time limited and are made against cash or some suitable guarantee to the bank issuing them. In traveling in South America it is advis able to have two different Letters of Credit, one in Pounds Sterling and the other in Dol lars. In Central America, Venezuela, Co lombia, the British, Dutch and Danish West Indies it is often more advantageous to use dol lars when buying exchange or getting cash on the Letter of Credit, while in Chile, Argen tine, Brazil and Uruguay, pounds sterling are better. Before selling exchange on your Let ter of Credit or realizing money on it, al ways visit the banks and see which one offers the best rate and whether English or Ameri-

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