Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. What do you mean by Exchange rate?
Exchange rate is defined as the price of one unit of currency in terms of another currency. If one euro costs 1.5 USD then 1 USD costs 1/1.5 = 0.667 euro. If exchange rate is stated in terms of euro (for instance 1.5 USD/euro) then euro is known as the base currency or unit currency.
In most countries, exchange rate is expressed using foreign currency as the base currency. For instance in Denmark, USD exchange rate would be expressed as 4.8 Danish kronor (DKK) per USD whereas, in the 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 known as the direct method as you can immediately figure out how much you have to pay for one unit of a foreign currency.
In a number of countries, exchange rate is expressed using home currency as the base currency. In the UK for instance, Danish exchange rate would be expressed as 9.2 DKK/GBP. So you have to invert the exchange rate if you want to figure out how much one unit of a foreign currency costs in the UK. This method is known as the indirect method of specifying the exchange rate and notation is occasionallytermed as British notation.
An ecologist has been reading the literature on the subject of factors affecting growth and metamorphosis of tadpoles in ponds. Some frog species (e.g. Hyla gratiosa) reproduce in
One alternative way to calculate the total change in money supply when the Fed injects money into the economy or takes away money from the economy is the amount of money injected o
discuss the action the procurement function should take to achieve raw materials at economic cost durin inflation
Q. Explain Consumer Price Index? CPI is a price index of a particular basket known as the CPI-basket. CPI-basket comprise essentially all the servicesand goods consumed in a co
Suppose the banking system has reserves of $750,000, demand deposits of $2,500,000 and a reserve requirement of 20%. a) If the Fed now purchases $125,000 worth of government bon
Determine the GDP price index for 1984, using 2005 as the base year
Macroeconomic policy Macroeconomic policy trade-offs are likely along the short-run Phillips curve however are not maintainable in the long run. In the short run a government
Over the last year both the supply and demand for oil in the US has gone up. What might have caused this and what happened to the price and quantity of oil?
what is GDP
The circular flow of income in a closed economy A closed economy exists when there is no international trade. We shall also assume that in this particular closed economy there
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd