Define flexible exchange rate
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
distinguish between autonomous transactions and accommodating transactions under balance of payments
The simple circular flow model of a private economy describes how income and resources flow among: (1) Households and business associations. (2) Corporations and government agencies. (3) Sole corporations and proprietorship (4) Business associations a
The practice considers the Treasury’s elucidation of the consequence on macroeconomic adjustment of joining the euro.
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : What is Fixed exchange rate system 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.
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.
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 the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
market structure and price-output determination
Identify the key challenges to india's economic development. To what extent the second generation reforms will tackle the current challenges of india's development
safeguard against the crisis of confidence in system explain
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