write short notes on autonomous transactions and accommodating transac
distinguish between autonomous transactions and accommodating transactions under balance of payments
Who rediscovered Bachelier’s thesis?
Who was 1970 Nobel Laureate in Economics?
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.
State the two sources of demand of foreign exchange: Import of services and goods and to acquire education in abroad.
Which transactions find out the balance of trade? When the balance of trade is in surplus?
Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
market structure and price-output determination
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
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