Define flexible exchange rate
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
safeguard against the crisis of confidence in system explain
In which account of balance of payment tourism services to tourist are involved? Answer: Tourism services to tourist are comprised in current account of Balance of
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
Who rediscovered Bachelier’s thesis?
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Which transactions- autonomous or accommodating carry balance in BOP? Answer: Accommodating transactions carry balance in the BOP or balance of payment.
‘How is the equilibrium £:€ exchange rate presently determined? When UK was aiming to adopt the euro in the next to future we would be predicted to ‘shadow’ the euro for a while (the £:€ exchange rate would change merely among v
The practice considers the Treasury’s elucidation of the consequence on macroeconomic adjustment of joining the euro.
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