lone mill mine
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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: Q : Who won the Nobel Prize for Economics Who won the Nobel Prize for Economics in 1997?
Who won the Nobel Prize for Economics in 1997?
Flexible (or floating) exchange rate system: This is a system in which exchange rate is found out by forces of demand and supply of the foreign currencies concerned in the foreign exchange market. There is no official interference in the foreign excha
what are the techniques of balance of payment?
safeguard against the crisis of confidence in system explain
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.
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
State which kind of exchange rate has no official intervention in foreign exchange market? How it is recognized?
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
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