Calculating value of imports
Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
Expert
Balance of Trade = Exports - Imports Imports = Exports – Balance of trade = 400 - (-160) = 560 Or Imports = Exports + net imports = 400 + 160 = 560
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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