17Oct, 2022
    Chapter-11: Foreign Exchange Rate

    FOREIGN EXCHANGE 

    Foreign exchange refers to the reserve of foreign currencies, e.g. currency of US and UK are the foreign exchange for India.

     

    FOREIGN EXCHANGE RATE

    The price at which one currency is exchanged for another is called the rate of exchange. In other words, the rate of exchange is the price of one currency stated in terms of another currency. Read More

    17Oct, 2022
    Chapter-12: Balance of Payment (BOP)

    BALANCE OF PAYMENTS (BOP)

    The BOP accounts is a summary of international transactions of a country for a given period, that is a financial year. The balance of payments of a country is a systematic record of all transactions in goods, services and assets between the residents of the country and the residents of foreign countries during a given period of time., usually one year.

    Read More

    error: Content is protected !!