Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
In a completely employed economy, the higher the yield of capital goods, and the bigger its: (1) Present living standards. (2) Present output of consumer goods. (3) Growth of capacity for the future production. (4) Rates of inflation and unemployment.
The U.S. economy is an instance of a system characterized by: (1) Mixture of different aspects of various economic systems. (2) Strictly decentralized the decision making process. (3) Centralized ownership of resources. (4) Political decisions regarding all allocative
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
market structure and price-output determination
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
‘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?’
Who was 1970 Nobel Laureate in Economics?
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Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
State the items that are not involved in the current account of India’s Balance of payment. Answer: The capital transactions is in the form of direct and portf
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