He can only shop around for the best rate he can. 93. ... These Settlement Banks must clear their cheques and other bills through the Management Bank, HSBC. ... For a more formal demonstration of the use of T-accounts, see Jao (1989a). 97.
|Title||:||Financial reform in China and Hong Kong 1978-89|
|Author||:||Y. C. Jao, Australian National University. Research School of Pacific Studies|