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.
Find a recent survey about a trade policy issue and assess it, examining the structure of the questions and the target audience. Verify the sample size, assess the methods used to administer the survey and analyze results, identifying the confidence around the results
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State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
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
Balance of payments (BOP) always balances. Describe it. Answer: Balance of payments is for all time balanced. The negative balance on current account is equated wit
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
5. What are the factors responsible for the recent surge in international portfolio investment?
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