Topic 22: The Balance of Payments and the Rate of Exchange

Wednesday, April 04, 2012


A) Terms of Trade

·         Meaning
·         Base Year
·         The UK Terms of Trade
·         Favourable Terms of Trade
·         Unfavourable Terms of Trade

B) Foreign Exchange Market

·         Meaning
·         Major Currencies of the world

C) The Rate of Exchange

·         Meaning
·         Types of Exchange Rate
·         Managing the Rate of Exchange

D) The Balance of Payments

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