Define balance of payment or BOP
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Assume that many people are willing and capable to pay greater than production costs for certain goods however pervasive shortages exist. International agreements or domestic laws and policy are most likely key factors if we consider sustained scarcities in ma
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
Flexible (or floating) exchange rate system: This is a system in which exchange rate is found out by forces of demand and supply of the foreign currencies concerned in the foreign exchange market. There is no official interference in the foreign excha
Autonomous or public investment: It is a type of investment that is not of profit motivated.
Which transactions- autonomous or accommodating carry balance in BOP? Answer: Accommodating transactions carry balance in the BOP or balance of payment.
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
I NEED TO UNDERSTAND MORE ABOUT International product life cycle
Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
If exchange rate of foreign currency downs or falls, its demand rises. Describe how? Answer: If exchange rate falls, an import become cheaper, demand for imports in
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