Raised

check. A check in which the amount as originally written has been fraudulently increased. - A bank which pays a raised check is responsible for the: difference between the amount authorized to be paid and the amount actually paid. There are circumstances, however, in which responsibility may not attach to the bank. A person may make out a check for $25 and leave a space between the words “twenty-five” and the word “dollars” and also leave blank the space where the amount is to be written in figures. | Then, if “hundred” is written after the words “twenty-five” and “$2,500” is written in the space provided for the amount in figures so that the check calls for the payment of $2,500 instead of $25 the bank escapes responsibility for the reason that there was negligence in making out the check. Again, if a check is made payable to a person designated by name, but space is left after the name so that “or bearer” may be written in the bank is not responsible if it makes: payment to a person other than the one intended. Rates for money. See Money rates. Rates of exchange. See Domestic exchange rates; also see Foreign exchange rates. Rating. Grading or cla ifying. The term rating as applied to the credit of an individual,: firm or corporation means an estimate of his or its ability and disposition to fulfil financial obligations. Ratio. In coinage ratio is the term used to expre the ’ equivalent between gold and silver. The ratio of 16 to 1, for instance, means that 1 ounce of gold is counted as worth 16 ounces of silver. In the United States the ratio of the silver dollar (the coin) to the gold dollar (the coin) is 15.988 (or nearly 16) to 1; the ratio of the subsidiary silver coins (half-dollar, quarter-dollar and dime) to the gold dollar is 14.953 to 1. The actual or market ratio of gold and silver is ascertained by dividing the commercial (market) price of an ounce of fine (pure) silver into the value of an ounce of fine gold, which is fixed at $20.67.2. The coinage value in gold of an ounce of fine silver is as follows at ratios of I to 15 up to I to 40: Value of; Value of Value of Ratio, |. *8ounce|| Ratio, | 88 -CHBGRIS Ratio ln) em silver. silver. silver. |) |] 1 to 5-5-1 $1.3780||1 to 23.....-| $0.8987/|1 to a $0.6459 I e ISA. 5 1.3336 ||1 is =e ie I iS am | pn I Oo 15. I to se cccee d I to sees A U. o rota) 1,2929||1 to 24%4....| 8437 I to 33%..--| 6171 T TON IG.®..6 I.2Q1Q]|I to 25.....- 2021 I tO 34.......6080 I ( ig —— I e 25h aaa I h4 3474. -| 5088 TEtO) pigZaPh tote 1.215Q||1 to 26...... 4 RY BE co0c0 5 I to am pe 1 to sk po 1 to 35%.---| 5823 1) tO IS... 3 T.1483}|I to 27....+- 7FO5O0||I to 30...... -5742 I fg eae ie I E 7.| 7 I e am ‘5083 Ae O) Oa. > 4 1-0879|/1 to 28......: 7%) 6¥/g90000. 1 to 19%....| 1.0600)||1 to 28%....|.7253||1 to Aa 5512 1 to 20......| _1.0335||1 to 29......| -7109||1 to 38.....-/ 5439 I to aye — I to n Sie fim 1 to ge +5309 1 to Wie..-2.9843||1 to 30......: 1 to) 395. 4ee 5300 I to 21%....|.9614||1 to 30%..--| 6777||1 to 39%4....| +5233 T fo) 22) aera.9396||I to 3I.....-.6668||1 to 40......| 5168 I to 22¥;....|.9187||1 to 3172....|.6562 | Ratio of reserve to liabilities. This term is applied to the percentage of its deposits held in cash by a bank. 436