EXAMP. 1. How much Sterling money is equal to 1459 ducats 18 sols 1 denier, bank-money of Venice, exchange at 52½d. Sterling per ducat?
| Duc. d. | Duc. sol. den. | Sols. | d. |
|---|---|---|---|
| If 1 : 52½ :: | 1459 18 1 | 52½ rate. | |
| 52½ | |||
| 2918 | 10 = | 26½ | |
| 7295 | 5 = | 13½ | |
| 2 = | 5½ | ||
| 1 = | 2½ | ||
| d. 75868 | den. 1 = | 0½ | |
| ¼ = 729½ | |||
| ½ = 364½ | 47½ | ||
| 7696½ | |||
| 47½ | |||
| Rem. | |||
| 12) 77010(6d. | |||
| 210) 6417(17s. | |||
| L. 320 17 6 Sterling. | Ans. | ||
| G 2 | 2. How |
Exchange. 2. How many ducats at Venice are equal to 385 l. 12 s. 6 d. Sterling, exchange at 48. 4 d. per ducat?
| L. | Duc. | L. |
|---|---|---|
| If .216 | : 1 :: | 385.625 |
| (.216) 385.625 | ||
| 21 385.625 | ||
| Duc. | ||
| 195 | 347062.5 | 1779.8 |
| 195 | ||
| 1520 | ||
| 1365 | ||
| 1556 | ||
| 1365 | ||
| 1912 | ||
| 1755 | ||
| 1575 | ||
| 1560 | ||
| (15) | ||
Bank-money is reduced to current money, by allowing for the agio, as was done in exchange with Holland; viz. say, As 100 to 120, or as 10 to 12, or as 5 to 6, so the given bank-money to the current sought. And current money is reduced to bank-money by reversing the operation. And in like manner may picoli-money be reduced to current or to bank money, and the contrary.
100 ducats banco of Venice.
In Leghorn = 73 pezzos | In Lucca = 77 crowns
In Rome = 68½ crowns | In Francfort = 139½ florins.
| 12 Denari | make | 1 foldi | s. | d. |
| 20 Soldi | make | 1 pezzo | = | 4 6 Sterling. |
Books and accounts are generally kept in pezzos, foldi, and denari: but some keep them in lires, foldi, and denari; and 12 such denari make 1 foldi, and 20 foldi make 1 lire.
The pezzo of exchange is equal to 5½ lires; and, consequently, exchange-money is 5½ times better than the lire money. The course of exchange runs from 47 d. to 58 d. Sterling per pezzo.