What is managed floating exchange rate
Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
Who won the Nobel Prize for Economics in 1997?
Examining US–Canadian imports-exports and analyzing a call to protect the US lumber business.
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
Who explained micro and macro economics?
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Who was 1970 Nobel Laureate in Economics?
China is a huge manufacturer of technology of telephone devices. It has lately become a member of W.T.O. that means it can sell its products in other member countries such as India. Assume that it does export a big number of telephone instruments to India:
Supply of foreign exchange: (A) By exports of services and goods(B) Direct foreign investment in residence country(C) For approximate purchases by non-residents in the home country(D) Remittances
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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