Note 165 — Chapter XVI
Reading edition
The rate which the Bank of England charges for giving ready money for a legal promise to pay money at a future date. The rise of the bank rate shows that money is scarce; its fall, that money is plentiful.
Reading edition
The rate which the Bank of England charges for giving ready money for a legal promise to pay money at a future date. The rise of the bank rate shows that money is scarce; its fall, that money is plentiful.