Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Expert
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.
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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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Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
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Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
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