Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
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
‘How is the equilibrium £:€ exchange rate presently determined? When UK was aiming to adopt the euro in the next to future we would be predicted to ‘shadow’ the euro for a while (the £:€ exchange rate would change merely among v
Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
Name the accounts in the balance of payments (BOP)? Answer: a. Current account: It exhibits the imports and exports of services and goods and transfer payments.b. Capital Account: It exhibits the assets and li
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Q : Balance of trade Which transactions Which transactions find out the balance of trade? When the balance of trade is in surplus?
Which transactions find out the balance of trade? When the balance of trade is in surplus?
The practice considers the Treasury’s elucidation of the consequence on macroeconomic adjustment of joining the euro.
what are the key callenges to indian economic development
In which account of balance of payment tourism services to tourist are involved? Answer: Tourism services to tourist are comprised in current account of Balance of
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
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