An exchange rate is a rate at which one currency can be exchanged for another. In other words, it is the value of another country's currency compared to that of our own. If we are travelling to another country, we need to "buy" the local currency.
In this “The Mechanism of Foreign Exchange - Applied Economics” you will learn about following topics:
- Introduction to the Mechanism of Foreign Exchange
- The Determination of the Rate of Foreign Exchange
- Demand for Foreign Exchange (Currency)
- Supply of Foreign Exchange
- Determination of Exchange Rate
- Change in Exchange Rate
- The Adjustable ‘Peg’ System
- Fixed Exchange Rates
- Advantages of Fixed Exchange Rates
- Floating Exchange Rates
- Advantages of Floating Exchange Rates
- Types of Exchange Rate System
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BCA 6th Semester Applied Economics Notes Pdf:
- Unit I: Introduction Of Economics
- Unit II: Theory Of Consumer Demand
- Unit III: Analysis Of Cost And Revenue
- Unit IV: Theory Of Production
- Unit V: Product Pricing
- Unit VI: Factor Pricing
- Unit VII: National Income
- Unit VIII: Theory Of Employment
- Unit IX: Consumption Saving And Investment Functions
- Unit X: Business Cycle
- Unit XII: Macro Stabilizing Policies
- Unit XIII: Economics of Development
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