Define fixed exchange rate
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
5. What are the factors responsible for the recent surge in international portfolio investment?
Who was 1970 Nobel Laureate in Economics?
Fixed exchange rate system (or pegged exchange rate system): This is a system in which exchange rate of a currency is fixed by government. This system makes sure stability in the foreign trade and capital movement.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
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suppose that an investor has an extra cash reserve of $1000000 to invest for one year. annually rate is 10%
Induced investment: It is a type of investment that is of profit motive in nature.
Who was responsible for setting the tone for following generations of economists?
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
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