CHAPTER XI

BARTER

Quantity theory spoiled if resort to barter possible and important 196

Extent of barter and other flexible substitutes for money and bank-credit; simple barter; different methods of corporate consolidations; flexibility, with state of money-market; clearing-house arrangements in speculative exchanges; offsetting book-credits 197-200

Barter made easier under money economy, by measure of value function of money 201

Bills of exchange; foreign trade 201