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.
Who explained micro and macro economics?
Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.
Which transactions- autonomous or accommodating carry balance in BOP? Answer: Accommodating transactions carry balance in the BOP or balance of payment.
Autonomous or public investment: It is a type of investment that is not of profit motivated.
Let us suppose that US gasoline market has the demand and supply curvesQd = 10 – 0.5PdQs = -2 + Ps when Ps ≥ 2 and Qs = 0 if Ps < 2, Q : Define foreign exchange rate Foreign Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
distinguish between autonomous transactions and accommodating transactions under balance of payments
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.
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
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
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