techniques
what are the techniques of balance of payment?
distinguish between autonomous transactions and accommodating transactions under balance of payments
Managed floating rate system: This is a system in which foreign exchange rate is found out by market forces and central bank is a key contributor to stabilize the currency in condition of tremendous appreciation or depreciation.
If the Chinese economy could create all goods with fewer resources per unit than are needed in US, the citizens of China would: (i) Encompass a comparative advantage in the whole thing. (ii) Be self-sufficient since there would be no potential profits from trade. (iii
In a completely employed economy, the higher the yield of capital goods, and the bigger its: (1) Present living standards. (2) Present output of consumer goods. (3) Growth of capacity for the future production. (4) Rates of inflation and unemployment.
safeguard against the crisis of confidence in system explain
Induced investment: It is a type of investment that is of profit motive in nature.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
Define foreign exchange: It is the currency other than domestic currency.
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