Calculating exchange rate
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency?
Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
Describe functions of central bank? Answer: (A) Issue of currency: Central bank is the only authority for the issue of currency
Law of supply: It is the claim which, other things equivalent, the quantity supplied of a good increases whenever the price of the good increases.
Question: Changes in currency supply and demand can be traced back to changes in fundamental supply and demand in foreign and domestic i._____________________ markets and foreign and domestic ii.___________________
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
what are the four factor of economic growth
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government. Q : If households If households become more If households become more willing to hold less cash and more stocks or bonds, the
If households become more willing to hold less cash and more stocks or bonds, the
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
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