Balance of Payment

Balance of Payment

Introduction The exchange of goods and services is called trade. In the presence of international trade links, economies have been categorized as closed economy and open economy. Balance of Payments (BOP) is a systematic record of all economic transactions between the residents of a country (includ .... Read More

Foreign Exchange Rate

Introduction According to Crowther “the rate of exchange measures number of units of one currency which is exchanged in the foreign exchange market for one unit of another”. The various types of exchange rate system are: Fixed Exchange Rate system (includes Gold Standard System of Exchange Ra .... Read More