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Abstract in previous papers I have highlighted the

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selling and buying of gold and silver jewelry They have

stipulated simultaneity (concurrence) and equality

(equivalence)

In this paper I highlight the opinion of Ibn Taymiyyah

and Ibn AI-Qayyim who is that jewelry trade permit

time lapse (between sale ofjewelry and receipt of price)

and inequality (in case of exchanging jewelry for an

amount of the same previous meta) Their opinion is based on view that crafting of gold and silver into

jewelry transforms these two metals from riba-related

commodity-money into common goods This view

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to goldsmith and their customers as trade in gold and

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subject to stringent riba-avoidance conditions

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permitted non-equality or non-concurrence in this type

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pp3577227








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pp3577227








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pp3577227








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pp3577227








~MJI ~~I )~l J d-JI





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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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~J~jJ~o)~~~J~- ~

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they no longer are







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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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r rW v)

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r A =J t rW

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V r A I I A=J t

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V r I I =J t I Irt


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~ 1- ~ 44l

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J~JP V (~rJl ~4)~

~J4r


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A 4middot~H~J~LdI_O

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they no longer are







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i~ ~f ~f


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~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


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~ 1- ~ 44l

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A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







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i~ ~f ~f


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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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t l t

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(~=)Jt~ ~k

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1

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(equivalence)









~ ~


r rW v)

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r A =J t rW

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rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

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~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


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~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

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A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

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r

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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

-(

-

-

-

-

( f

cmiddot pound f -

II

lt -

--

v

I~I

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f

t 1

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t l t

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t

1

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~

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

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AY

Ar

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1

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c t







(equivalence)









~ ~


r rW v)

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~1 ~ ( ~y4J1 ~) _

r A =J t rW

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rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


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V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







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i~ ~f ~f


0 p

pgt

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laquolt

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0

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-

-1

0

0 -

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--lt

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D

D

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bull

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0

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~

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--

L ~

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-

~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

-(

-

-

-

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( f

cmiddot pound f -

II

lt -

--

v

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f

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I

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t l t

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1

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(~=)Jt~ ~k

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AY

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1

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c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

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J~JP V (~rJl ~4)~

~J4r


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A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

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laquolt

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~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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~ ~


r rW v)

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~1 ~ ( ~y4J1 ~) _

r A =J t rW

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V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


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~ 1- ~ 44l

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~J4r


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~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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(~=)Jt~ ~k

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1

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(equivalence)









~ ~


r rW v)

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~1 ~ ( ~y4J1 ~) _

r A =J t rW

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rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

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0

0 -

lt

--lt

lt

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(

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-1

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--lt

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bull

bull p

p gt

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gt

-1

---------

----_

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----------------_

shy

_ _shy

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---

----

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( [

~

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--

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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

-(

-

-

-

-

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cmiddot pound f -

II

lt -

--

v

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f

t 1

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t l t

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~

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

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Ar

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1

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

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bull

bull p

p gt

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----------------_

shy

_ _shy

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---

----

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( [

~

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--

L ~

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-

~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

-(

-

-

-

-

( f

cmiddot pound f -

II

lt -

--

v

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f

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t l t

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1

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(~=)Jt~ ~k

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Ar

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1

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

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--lt

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bull

bull p

p gt

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gt

-1

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---

----

---

----

~-----

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-shy -lt ~ l f1 11 - ~ -

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( [

~

o J

--

L ~

-lt

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-

~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

-(

-

-

-

-

( f

cmiddot pound f -

II

lt -

--

v

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f

t 1

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CI 0

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bull -

lt

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V r A I I A=J t

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~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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r A=-A t

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V r A I I A=J t

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~ 1- ~ 44l

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J~JP V (~rJl ~4)~

~J4r


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they no longer are







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i~ ~f ~f


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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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r A=-A t

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V r A I I A=J t

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V r I I =J t I Irt


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~ 1- ~ 44l

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J~JP V (~rJl ~4)~

~J4r


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~ Lo~- - bull r7



they no longer are







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i~ ~f ~f


0 p

pgt

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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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r rW v)

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r A=-A t

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V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

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A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

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laquolt

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0

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0

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( [

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--

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~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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-

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cmiddot pound f -

II

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gt

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t

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~ -- ~1












(~=)Jt~ ~k

~Jr- ~lH c~ -J~-


-

AY

Ar

-

_ tr

1

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~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

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(

D

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bull

bull p

p gt

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--

L ~

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-

~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




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t l t

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(~=)Jt~ ~k

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1

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

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bull

bull p

p gt

gt

gt

-1

~ to~1 ~L~i 4--aI ~~I ~~




~lJ ~)~ lZ








pp3577227








~MJI ~~I )~l J d-JI





~rl1JI ul ~Ji




--1 --

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-

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-

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cmiddot pound f -

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v

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k

v

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(~=)Jt~ ~k

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AY

Ar

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1

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

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-1

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lt

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bull

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cmiddot pound f -

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

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AY

Ar

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1

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

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bull

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bull -

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r (

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01

bull

I

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cmiddot

t l t

lt0

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t

1

La

1 gt

10

~

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~

(-

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-

lb

0v

v - ~

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1

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

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AY

Ar

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_ tr

1

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~

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(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

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(

D

D

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bull

bull p

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v

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f

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CI 0

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k

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1-

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shy

c

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tshybullt

b l

---

to

~

bull middotl

~

t

-

b

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G

bull -

lt

t

r (

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I

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cmiddot

t l t

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1

La

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~

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0v

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

~Jr- ~lH c~ -J~-


-

AY

Ar

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_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

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-1

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bull

bull p

p gt

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I

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r cmiddot 1

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v

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c

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~ -~~I ~1rJ1- Y - Ao

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(~=)Jt~ ~k

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-

AY

Ar

-

_ tr

1

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~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

lt

gt

r cmiddot 1

-~

(lt

1

v

[

~ ~

L

gt

~

--

-~

II

r -~

-ltn

c

t

-tr

shy

C I

I

c ~

~

-

gt


~ -~~I ~1rJ1- Y - Ao

~ -- ~1












(~=)Jt~ ~k

~Jr- ~lH c~ -J~-


-

AY

Ar

-

_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

r cmiddot 1

-~

(lt

1

v

[

~ ~

L

gt

~

--

-~

II

r -~

-ltn

c

t

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shy

C I

I

c ~

~

-

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~ -~~I ~1rJ1- Y - Ao

~ -- ~1












(~=)Jt~ ~k

~Jr- ~lH c~ -J~-


-

AY

Ar

-

_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1


~ -~~I ~1rJ1- Y - Ao

~ -- ~1












(~=)Jt~ ~k

~Jr- ~lH c~ -J~-


-

AY

Ar

-

_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

-

_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

_ tr

1

shy _ -o

~

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

c t







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1







(equivalence)









~ ~


r rW v)

~vJ ( o~ ( Jly ~

~1 ~ ( ~y4J1 ~) _

r A =J t rW

~~)I ~ ~~ ~I JIL-=-I j~ jA _

rW ( r t t ~vJ1 ~ ~L)I ~laj~1 ~

r A=-A t

~~rL)I~)~yAjA ~)I~-


~~lb)I)J~ )10- ~laj1 ~~L


V r A I I A=J t

~ j~1 ~ 0 ~i) --JI ~ ai~1 ~


V r I I =J t I Irt


~41rJ~4)

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

~ 1- ~ 44l

~I t~~

o ~bull

J~JP V (~rJl ~4)~

~J4r


~J~jJ~o)~~~J~- ~

~)~~rJ~~~-


A 4middot~H~J~LdI_O

~ Lo~- - bull r7



they no longer are







of trade( )

i~ ~f ~f


0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

0 p

pgt

gt

laquolt

--0

0

-1

-

-1

0

0 -

lt

--lt

lt

--lt

(

D

D

-

o -1

-1

-1

-1

--lt

--lt

--lt

--lt

--lt

--lt

-gt

bull

bull p

p gt

gt

gt

-1

Documents

¨يع الذهب والفضة.pdf · , ~.,.SJ \ ,~\ ~ J""" rl\,J \j . J '1 \,) j . J .~. \-~~I ~1.rJ1-Y - 'A..o ... ~". '--' ~..1 - Mundell, Robert, Prospects for The International