Setting tone for subsequent generations of economists
Who was responsible for setting the tone for following generations of economists?
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For setting the tone for following generations of economists, explained by Paul Samuelson.
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Define foreign exchange: It is the currency other than domestic currency.
When Balance of payment of a country is Rs (-) 100 crores and total payment are Rs 500 crores. Determine its total receipts.
Induced investment: It is a type of investment that is of profit motive in nature.
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Who rediscovered Bachelier’s thesis?
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
Components of current account of BOP account: (A) Import-Export of goods(B) Import-Export of services(C) Unilateral transfers
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