Who won the Nobel Prize for Economics in 1997
Who won the Nobel Prize for Economics in 1997?
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Myron Scholes and Robert Merton won the Nobel Prize for Economics in 1997.
Identify the key challenges to india's economic development. To what extent the second generation reforms will tackle the current challenges of india's development
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
Balance of payments (BOP) always balances. Describe it. Answer: Balance of payments is for all time balanced. The negative balance on current account is equated wit
safeguard against the crisis of confidence in system explain
distinguish between autonomous transactions and accommodating transactions under balance of payments
Explain how foreign exchange rate is determined beneath flexible exchange rate system. Beneath flexible exchange rate system, the equilibrium exchange rate is found out where demand for foreign exchange is equival
‘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?’
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.
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Demand for foreign exchange is prepared to: (A) Purchase services and goods (B) Send gifts and funding(C) Speculate the value of foreign currencies, (D) Invest and procure financial assets
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