Define flexible exchange rate
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Supply of foreign exchange: (A) By exports of services and goods(B) Direct foreign investment in residence country(C) For approximate purchases by non-residents in the home country(D) Remittances
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 : Key challenges to india's economic 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
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
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Assume that many people are willing and capable to pay greater than production costs for certain goods however pervasive shortages exist. International agreements or domestic laws and policy are most likely key factors if we consider sustained scarcities in ma
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
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
Who was responsible for setting the tone for following generations of economists?
The French phrase ‘laissez-faire’ almost translates as: (1) Enjoy your leisure. (2) Let the buyer be cautious. (3) All other things held steady. (4) Leave us alone. (5) Labor is a source of all the value. Q : What is autonomous or public investment Autonomous or public investment: It is a type of investment that is not of profit motivated.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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