Define foreign exchange
Define foreign exchange: It is the currency other than domestic currency.
Assume that El Salvador can generate coffee at lower opportunity costs than Spain, whereas Spain can generate olive oil at lower opportunity costs than El Salvador. The citizens of both countries can potentially profit from international trade since of the efficiency
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
Components of capital account of balance of payment: A) Borrowing and lending to and from abroad.B) Change in foreign exchange reserves C) Investment to and from abroad.
Balance of payment Accounts: It is the systematic record of all economic transactions among the residents of a country and rest of the world in a specified period (1-year) of time.
I have a problem with the satement “Things will look excellent for the US if we could just get to where we are consistently executing a positive Balance of Payments.” Can someone in short comment on this statement?
The practice considers the Treasury’s elucidation of the consequence on macroeconomic adjustment of joining the euro.
Describe the meaning of deficit in BOP: Whenever autonomous foreign exchange payments surpass autonomous foreign exchange receipts, the difference is termed as balance of payments deficit.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Differentiate among current account and capital account of balance of payment account. State any two transactions of capital account. Answer: Discover Q & A Leading Solution Library Avail More Than 1430073 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1937222 Asked 3,689 Active Tutors 1430073 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1937222 Asked
3,689
Active Tutors
1430073
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!