Kind of exchange rate
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
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The Flexible exchange rate has no official intervention. This is recognized by the interaction of demand and supply in the foreign exchange market.
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Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : Kind of exchange rate State which kind State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
Why foreign currency or exchange is required? Answer: a) To buy services and goods from other countries. b) To send a gift abroad. c) To buy financial assets in a specific country and d) To contem
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