Excerpt from Imports and Employment: An Economic Note In the former case no such necessity arises. A transfer of the amount involved is made in the respective bank book of the two firms parties to the transaction, which is adjusted at the clearing house, and the transaction is ended. Thus we see that though every commercial transaction involves an exchange of two capitals, a transaction with a foreign country involves two such exchanges of two capitals, a domestic transaction only one. The difference between giving an order abroad and giving it at home is that the former entails, by the operation of economic law, an equivalent and complementary reciprocal transaction; and the latter does not entail, and, as a matter of fact, is not followed by any such complementary and reciprocal transaction. 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.