Give detail explanation of exchange rate, Macroeconomics

Assignment Help:

Give detail explanation of Exchange Rate

In most countries, exchange rate is expressed using foreign currency as base currency. For instance, in Denmark, USD exchange rate would be expressed as 4.8 Danish kronor (DKK) per USD whereas in U.S., same exchange rate would be expressed as 0.208 USD/DKK (or 20.8 USD/100DKK). This way of specifying the exchange rate is termed as the direct method as you can immediately figure out how much you have to pay for one unit of a foreign currency.

 


Related Discussions:- Give detail explanation of exchange rate

International trade, how can a country maintain equilibrium GDP with foreig...

how can a country maintain equilibrium GDP with foreign trade?

Seek the kingdom of god, What does it mean to seek the Kingdom of God in a ...

What does it mean to seek the Kingdom of God in a democratic capitalist economy? How can it be done?

Fixation, what is the basis of fixation

what is the basis of fixation

Maximization, Prepare an essay regarding the concept of maximization and th...

Prepare an essay regarding the concept of maximization and the assumptions associated with the behavior of the economic man.

Intergroup conflict and intergroup competition, Discuss whether intergroup ...

Discuss whether intergroup conflict and intergroup competition are the same or different. Provide examples to support your position. What strategies can a leader use to ensure that

List of major emerging-market economies, List of major emerging-market econ...

List of major emerging-market economies To determine if the UK is to benefit from growth of emerging-market economies in the future, it should start exporting goods and specif

Revealed preference approach, REVEALED PREFERENCE APPROACH The downward...

REVEALED PREFERENCE APPROACH The downward slope of the demand curve was justified on the basis of utility derived by the consumer. But specification of consumer tastes in form

GDP AND PRICE LEVEL IN SHORT RUN, #question.WHAT IS GDP AND DIFFERENT PRICE...

#question.WHAT IS GDP AND DIFFERENT PRICE LEVEL IN SHORT RUN?.

Lorenz curve, what do we mean when we say export are exogenous and import a...

what do we mean when we say export are exogenous and import are endogeneos?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd