Question : When receipts of foreign exchange or equal to payment of foreign exchange. It is known as __________.
Option 1: Surplus BOP
Option 2: Deficit BOP
Option 3: Balanced BOP
Option 4: None of the above.
Correct Answer: Deficit BOP
Solution : When receipts of foreign exchange or equal to payment of foreign exchange. It is known as balanced BOP. Hence option C is correct.
Question : When receipts of foreign exchange are more than payment of foreign exchange. It is known as __________.
Question : When receipts of foreign exchange are less than payment of foreign exchange. It is known as __________.
Question : When a government borrows money to finance its expenditures, it is known as:
Question : It is determined by forces of demand and supply.
Question : It refers to the rate at which currency is exchanged for others.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile