EXAMP. 1. How much sterling money is equal to 1459 ducats 18 sols 1 denier, bank money of Venice, exchange at 52½ sterling per ducat?
| Duc. | d. | Duc. sol. den. | d. |
|---|---|---|---|
| If 1 : 52½ :: | 1459 | 18 | 1 |
| 52½ | |||
| Sols. | 52½ rate. | ||
| 2918 | 10 = ¼ | 26½ | |
| 7295 | 5 = ½ | 13¾ | |
| 2 = ¾ | 5¾ | ||
| 1 = ¾ | 2¾ | ||
| d. 75868 | den. 1 = ¾ | 0¾ | |
| ¾ = 729¾ | |||
| ¾ = 364¾ | 47¾ | ||
| 76962¾ | |||
| 47¾ | |||
| Rem. | |||
| 12) 77010(6d. | |||
| 2) 3) 641(7(17s. | |||
| L. 320 17 | 6 | sterling. | Ans. |
2. How many ducats at Venice are equal to 3851. Exchange. 12s. 6d. sterling, exchange at 4s. 4d. per ducat?
| L. | Duc. | L. |
|---|---|---|
| If .216 : 1 :: | 385.625 | |
| .216) 385.625 | ||
| 21 385.625 | ||
| Duc. | ||
| 195) 347062.5 | (1779.8 Ans. | |
| 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.
| 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 livres, 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 47d. to 58d. sterling per pezzo.