Determining total receipts-Balance of Payment
When Balance of payment of a country is Rs (-) 100 crores and total payment are Rs 500 crores. Determine its total receipts.
Expert
Balance of Payment = Total receipts - Total payments Total receipts = Total Payment + BOP =500 + (-100) =500 – 100 = 400
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Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account.
Answer:
Describe which of the following is a visible and which is invisible item in Balance of payments. (a) Export of jute product (b) Software services exports. Answer: Q : What is Flexible exchange rate system Flexible (or floating) exchange rate system: This is a system in which exchange rate is found out by forces of demand and supply of the foreign currencies concerned in the foreign exchange market. There is no official interference in the foreign excha
Describe which of the following is a visible and which is invisible item in Balance of payments. (a) Export of jute product (b) Software services exports.
Flexible (or floating) exchange rate system: This is a system in which exchange rate is found out by forces of demand and supply of the foreign currencies concerned in the foreign exchange market. There is no official interference in the foreign excha
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