Q. 22

State the meaning

Answer :

(i) Fixed Foreign Exchange Rate-The fixed exchange rate is the exchange rate as fixed by the government of a country. It is the value of the domestic currency in terms of foreign currency. It remains constant unless the government revises it either upwards or downwards.


(ii) Trade Surplus- The trade surplus is a situation where the value of exports of visible goods is more than the value of the import of visible goods in the same year.


(iii) Accommodating Transactions-An accommodating transaction is a balance of payment transaction which is undertaken to cover the deficit or a surplus in an autonomous transaction.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Primary deficit eEconomics - Board Papers

Foreign exchange Economics - Board Papers

(a) Define “TradeEconomics - Board Papers