Cambistry

On the other hand, we miss in the course such subjects as cambistry (science of exchange) , political economy, as well as some essential features of bookkeeping and accounting, the importance of which is beyond question in commercial practice.

The science of exchange, or, to use the old word, cambistry, has always been a subject of great importance.

Cambistry involves a knowledge of various countries of the world; weights, measures, and fineness of metals used as a basis of coinage in various countries; methods of dealing in bullion; assaying operations; issuance of bills of exchange, international checks, and postal money orders; commercial parities; and computations in the arbitration of exchange.