Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
Who was 1970 Nobel Laureate in Economics?
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
‘The country has a floating exchange rate and its inflation rate is much higher than its trading partners. Why we would suppose the country’s exchange rate to deflate?’
Who explained micro and macro economics?
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
Describe the meaning of deficit in BOP: Whenever autonomous foreign exchange payments surpass autonomous foreign exchange receipts, the difference is termed as balance of payments deficit.
China is a huge manufacturer of technology of telephone devices. It has lately become a member of W.T.O. that means it can sell its products in other member countries such as India. Assume that it does export a big number of telephone instruments to India:
Who won the Nobel Prize for Economics in 1997?
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
18,76,764
1959710 Asked
3,689
Active Tutors
1416466
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!