Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
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
Managed floating exchange rate: This is a system in which the central bank or Government permits the exchange rate to identify market forces although they take decisions to intervene whenever they feel it suitable.
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
Describe the two sources of supply of foreign exchange: The two sources of supply of foreign exchange are: Exports and foreign tourism.
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
safeguard against the crisis of confidence in system explain
Calculate the value of imports, if the net imports are of Rs 160 crores and the value of exports are of Rs 400 crores.
market structure and price-output determination
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
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