Where the state keeps its coinage up to a standard value no agio is required.
The agio is variable, but is supposed to be constant in this table for the purpose of calculation.
Flemish shillings banco, when theagio was 3 per cent.
It is in the case of coins of very small denomination that the agio might appear most readily.
Coined metal thus rarely gets, save to a limited extent or temporarily, an agio over uncoined bullion.
If we could combine our use of checks in retail trade with England's absence of legal reserve requirements, I should think that the agio would have little chance indeed of growing great!
It is not the legal peculiarity of money, as legal tender, which is necessarily responsible for this agio when it appears.
They more nearly do so in India, and the possibility of agio is, doubtless, greater there.
And will not the agio then, in a way, grow out of itself, a bigger agio appearing, because an agio has already appeared?
It is quite thinkable that such coins should, even when redeemable, circulate at an agio over the redemption money.
Under the system of free and gratuitous coinage, no agio of coined over uncoined bullion is possible.
The changes of the agio or premium depend mainly on the supply and demand of the precious metals, that is, on the extent and intensity of the business transactions which have to be made in these metals themselves.
The agio of the bank of Hamburg, for example, which is said to be commonly about fourteen per cent.
It is upon this account, they say, the bank money sells for a premium, or bears an agio of four or five per cent.
But the agio of the bank being now generally about five per cent.
In consequence of this resolution, the agio can never either rise above five, or sink below four per cent.
If the agioof the bank, however, should at any time fall to three per cent.
The difference between them is called the agioof the bank, which at Amsterdam is generally about five per cent.
The agio at Amsterdam, how kept at a medium rate, 197.
The question of the agio of the Hamburg banco system belongs rather to the history of banking.
Behold thus this agio establishment, and the money of the bank, worth five per cent more than the current money.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "agio" in a variety of sentences. We hope that you will now be able to make sentences using this word.
