In this article we will discuss about:- 1. Meaning of Rate of Exchange 2. Types of Exchange Rates 3. Determination 4. Equilibrium Rate 5. Factors 6. Fixed and Flexible Exchange Rates 7. Examples. Meaning of Rate of Exchange: The rate at which one currency is exchanged for another is called the rate of exchange. The […]
Rate of Exchange: Types, Determination, Equilibrium Rate, Factors and Examples
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Top 3 Theories of Rate of Exchange: With Criticisms | Foreign Exchange | Economics
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Different theories have been developed to explain the determination of rate of exchange. They are: 1. Mint Parity theory 2. Purchasing power parity theory 3. Balance of payments theory 1. Mint Parity Theory: Mint parity theory explains the determination of exchange rate between the two gold standard countries. In a country on gold standard, the […]
Exchange Control in India: Features, Objectives, Techniques and Demerits
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In this article we will discuss about:- 1. Meaning of Exchange Control 2. Features of Exchange Control 3. Objectives 4. Methods and Techniques 5. Defects or Demerits 6. Social Costs. Meaning of Exchange Control: Exchange control means the interference by the state, central bank or any other agency with the free play of market forces that […]