Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : Explain all the approaches of Paul Explain all the approaches of Paul Samuelson.
Explain all the approaches of Paul Samuelson.
Components of capital account of balance of payment: A) Borrowing and lending to and from abroad.B) Change in foreign exchange reserves C) Investment to and from abroad.
Which transactions- autonomous or accommodating carry balance in BOP? Answer: Accommodating transactions carry balance in the BOP or balance of payment.
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
Examining US–Canadian imports-exports and analyzing a call to protect the US lumber business.
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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
‘The country has a floating exchange rate and its inflation rate is much higher than its trading partners. Why we would suppose the country’s exchange rate to deflate?’
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