Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
If exchange rate of foreign currency downs or falls, its demand rises. Describe how? Answer: If exchange rate falls, an import become cheaper, demand for imports in
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Explain all the approaches of Paul Samuelson.
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Describe which of the following is a visible and which is invisible item in Balance of payments. (a) Export of jute product (b) Software services exports. Answer: Q : Describe the two sources of supply of Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
The practice considers the Treasury’s elucidation of the consequence on macroeconomic adjustment of joining the euro.
Name the accounts in the balance of payments (BOP)? Answer: a. Current account: It exhibits the imports and exports of services and goods and transfer payments.b. Capital Account: It exhibits the assets and li
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
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