# Change of place also change from place to place (local bill (of exchange))

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- Post ID: 590695
- Modified: 2023-07-25T20:58:27+00:00
- Language: en

## Definition

Someone pays in a certain amount of money in one place, such as Florence. This sum is collected again in another, distant place, say Lisbon. Present money is thus exchanged with absent money. A real exchange takes place, and that is why the name bill of exchange was retained for such transactions. - See Cavata. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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