Tourism services to tourist-Balance of payment
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 payments.
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 payments.
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
Fixed exchange rate system (or pegged exchange rate system): This is a system in which exchange rate of a currency is fixed by government. This system makes sure stability in the foreign trade and capital movement.
Induced investment: It is a type of investment that is of profit motive in nature.
Who was responsible for setting the tone for following generations of economists?
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.
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
18,76,764
1941021 Asked
3,689
Active Tutors
1439845
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!