Define Managed floating rate system
Managed floating rate system: This is a system in which foreign exchange rate is found out by market forces and central bank is a key contributor to stabilize the currency in condition of tremendous appreciation or depreciation.
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Balance of payments (BOP) always balances. Describe it. Answer: Balance of payments is for all time balanced. The negative balance on current account is equated wit
safeguard against the crisis of confidence in system explain
Normal 0
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
‘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?’
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
Question 1 Household Tools Co. is a manufacturer of microwave ovens. The manufacturer wants to increase the shelf life of their products. Past records indicate that the average shelf life of their microwave ovens is 240 days. After a new line of microwave ovens has been d
18,76,764
1955225 Asked
3,689
Active Tutors
1415834
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!