Download or read book Banking Principles and Practice, Vol. 5 of 5 written by Ray Bert Westerfield and published by Forgotten Books. This book was released on 2016-08-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Banking Principles and Practice, Vol. 5 of 5: The Foreign Division Foreign commerce embraces the mercantile and financial transactions between the citizens of different countries as well as some direct transactions between their governments. Though foreign commerce closely resembles domestic commerce in most respects, there are important differences. With the exception of trade with Canada and Mexico, the foreign commerce of the United States is by sea and over long distances; hence it is almost completely dependent upon the mercantile marine, and the channels of trade are through a limited number of ports. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.