Need of foreign currency
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 contemplate on the value of foreign currencies.
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 contemplate on the value of foreign currencies.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
The simple circular flow model of a private economy describes how income and resources flow among: (1) Households and business associations. (2) Corporations and government agencies. (3) Sole corporations and proprietorship (4) Business associations a
Describe the meaning of deficit in BOP: Whenever autonomous foreign exchange payments surpass autonomous foreign exchange receipts, the difference is termed as balance of payments deficit.
‘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?’
‘The pound has enhanced today on the foreign exchange market’ is a general media comment whenever the pound sterling appreciates. When the pound appreciates is it always excellent news for business and the economy?’
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : Influence of supply in exchange rate Normal 0
Normal 0
Who won the Nobel Prize for Economics in 1997?
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Explain the Economic environment in Australia and Internationally and their factors which affect them?
18,76,764
1940842 Asked
3,689
Active Tutors
1417072
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!