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?
Define foreign exchange: It is the currency other than domestic currency.
Which transactions find out the balance of trade? When the balance of trade is in surplus?
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.
distinguish between autonomous transactions and accommodating transactions under balance of payments
If the Chinese economy could create all goods with fewer resources per unit than are needed in US, the citizens of China would: (i) Encompass a comparative advantage in the whole thing. (ii) Be self-sufficient since there would be no potential profits from trade. (iii
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
Question 1: The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some time. Comment on the e
Who was 1970 Nobel Laureate in Economics?
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