write short notes on autonomous transactions and accommodating transac
distinguish between autonomous transactions and accommodating transactions under balance of payments
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
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.
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
Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
Who was responsible for setting the tone for following generations of economists?
Assume that El Salvador can generate coffee at lower opportunity costs than Spain, whereas Spain can generate olive oil at lower opportunity costs than El Salvador. The citizens of both countries can potentially profit from international trade since of the efficiency
What challenges are facing lone mill mine and what strategies can be used
Who explained micro and macro economics?
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
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