Describe the meaning of deficit in BOP
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.
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 rediscovered Bachelier’s thesis?
Explain the Economic environment in Australia and Internationally and their factors which affect them?
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
Define foreign exchange: It is the currency other than domestic currency.
The simple circular flow model of a private economy describes how income and resources flow among: (1) Households and business associations. (2) Corporations and government agencies. (3) Sole corporations and proprietorship (4) Business associations a
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
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
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.
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