Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
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Exports of goods and imports of goods find out BOT. Whenever the value of exports of goods is bigger than the value of imports of goods.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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If exchange rate of foreign currency downs or falls, its demand rises. Describe how? Answer: If exchange rate falls, an import become cheaper, demand for imports in
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
Describe which of the following is a visible and which is invisible item in Balance of payments. (a) Export of jute product (b) Software services exports. Answer: Q : What does a deficit in balance of trade Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Determine the factors accountable for inflow of foreign currency? Answer: a) Foreigners buying home country services and goods via exports. b) Foreigners investment in home country via joint ventures and via
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