Who explained micro and macro economics
Who explained micro and macro economics?
Expert
Paul Samuelson ‘mathematized’ both micro and macro economics.
5. What are the factors responsible for the recent surge in international portfolio investment?
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
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.
When Balance of payment of a country is Rs (-) 100 crores and total payment are Rs 500 crores. Determine its total receipts.
Who rediscovered Bachelier’s thesis?
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
‘Can foreign exchange markets be analyzed in similar manner as the markets for ordinary physical commodities? Do demand slope downwards and supply slope upwards for currencies?’
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
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
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