CBSE - Class 12 - Economics - Term 1 - Foreign Exchange Rates

The Balance of Payments: BoP Surplus and Deficit, The Foreign Exchange Market- Determination of the Exchange Rate, Flexible Exchange Rates, Fixed Exchange Rates, Managed Floating, Exchange Rate Management: The International Experience. The Determination of Income in an Open Economy- National Income Identity for an Open Economy, Equilibrium Output and the Trade Balance. Trade Deficits, Savings and Investment


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