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
The French phrase ‘laissez-faire’ almost translates as: (1) Enjoy your leisure. (2) Let the buyer be cautious. (3) All other things held steady. (4) Leave us alone. (5) Labor is a source of all the value. Q : Define foreign exchange Define foreign Define foreign exchange: It is the currency other than domestic currency.
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
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
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I NEED TO UNDERSTAND MORE ABOUT PRODUCTION POSSIBILITY FRONTIER
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
5. What are the factors responsible for the recent surge in international portfolio investment?
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
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