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.
Who was responsible for setting the tone for following generations of economists?
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : What is managed floating exchange rate Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
Peanut butter, jelly sandwiches and tuna fish sandwiches are replacements. Assume an international agreement decreased the worldwide catch of tuna by half. The equilibrium price of grape jelly would be: (1) Increases while the equilibrium quantity is reduced. (2) Drop
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Examining US–Canadian imports-exports and analyzing a call to protect the US lumber business.
State the items that are not involved in the current account of India’s Balance of payment. Answer: The capital transactions is in the form of direct and portf
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
safeguard against the crisis of confidence in system explain
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