What does a deficit in balance of trade point out
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
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.
THE AREA BETWEEN THE LORENZ CURVE OF A COUNTRY AND THE DIAGONAL OF PERFECT EQUALITY REPRESENT
Fixed exchange rate: It is the rate of exchange which is fixed by the Government in an economy.
I NEED TO UNDERSTAND MORE ABOUT International product life cycle
distinguish between autonomous transactions and accommodating transactions under balance of payments
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
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
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
Flexible exchange rate: The rate of exchange in terms of other currencies is determined by market forces of demand-supply.
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