Quest. — 535. Previous to tlie adoption of Federal money. In what wen aceouits kept !
130. Hdw is Federal money reduced to the State currencies 1
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348 FOKEIGN MONEYS [Si;CT. X. V 1

Case lY .—Reduction of State currencies to Federal Moiiey.
,3G. Reduce £23, 12s. 6d. N. E. currenc)^ to Federal money.
Solution.— £2^, 12s. 6d. = -t7,2.5s. (Art. .348.) Now since 6s

N. E. cur. make SI, 472.5s. will make as many dollori:^ as (js. is con

tained times in 472.58. ; and 472.5s. h-Us. = 78. 75. Am. .^IS 75,

537. Hence, to reduce State currencies to Federal money.
Reduce the pounds to shillings, and the given pence and farthingi

to tlie decimal of a shilling ; then divide this sum by the mimber of
shillings which, in tlie given currency, make $1, and i/ie quotient
will be the an-iwer in dollars and cents.
Obs. One state currency may' be reduced to another by first reducing the
given currency to Federal money, then to the currency required.
37. Reduce £160. 5s. N. E. currency, to Federal money.
38. Reduce £245, 13s. 6d. N. Y. currency, to Federal money.
39. Reduce £369, 15s, 7id. Penn. currency, to Federal money.
40. Reduce £1800, Georgia- currency, to Federal money.
41. Reduce £5000, Canada currency, to-Federal money.
FOREIGN COINS AND JIONEYS OP ACCOUNT.
538. The denominations of money, in whicli the laws of a
country require accounts to be kept, are called Moneys of account.
