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Balance of Payments and Foreign Exchange Rate
Economics · Chapter 15 · 4. Balance of Payments and Exchange Rate
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30 cards for quick recall of key terms and facts.
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73 board-style questions with instant checks: Multiple choice 22, Short answer 21, Long answer 7, Numerical 7.
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Short and long chapter tests in board pattern, with results and analysis.
Step 5: Not started- Chapter test (long) — Balance of Payments and Foreign Exchange Rate · 40 marks · 100 min
- Chapter test (short) — Balance of Payments and Foreign Exchange Rate · 20 marks · 50 min
Topics 5
- Balance of payments: meaning; current account and capital account; balance of trade
- Disequilibrium in the balance of payments: causes and corrective measures
- Foreign exchange rate: meaning; fixed and flexible exchange rates
- Determination of the exchange rate in a free market (demand for and supply of foreign exchange)
- Depreciation, appreciation, devaluation and revaluation (meaning only)