Who was 1970 Nobel Laureate in Economics
Who was 1970 Nobel Laureate in Economics?
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Paul Samuelson was 1970 Nobel Laureate in Economics.
Who explained micro and macro economics?
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
In simple circular flow model, the only entities which finally consume goods, own resources, pay taxes or bear the loads of inflation, experience joy, or suffer pain, are as: (i) corporations. (ii) Households. (iii) Government agencies. (iv) Business
Components of capital account of balance of payment: A) Borrowing and lending to and from abroad.B) Change in foreign exchange reserves C) Investment to and from abroad.
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.
‘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?’
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : Define foreign exchange Define foreign Define foreign exchange: It is the currency other than domestic currency.
Define foreign exchange: It is the currency other than domestic currency.
distinguish between autonomous transactions and accommodating transactions under balance of payments
In a completely employed economy, the higher the yield of capital goods, and the bigger its: (1) Present living standards. (2) Present output of consumer goods. (3) Growth of capacity for the future production. (4) Rates of inflation and unemployment.
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