Tag Archives | Exchange

What is the system of exchange found in modern societies?

What are the system of exchange found in modern societies? In the modern economy there has been a considerable change in the system of exchange. In the field of production, the system of exchange is also connected with efficiency and skill.

What are sport and forward markets in foreign exchange?

Foreign Exchange markets can be studied keeping into view the period for which transac­tions are carried out. If the transaction or operation is of daily nature, it is called current market or spot market.

What is bill of exchange and state its essentials ?

Section 5 defines a bill of exchange as “an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to or to order of, a certain person…

What are the advantages and disadvantages of Flexible Exchange Rates ?

Flexible exchange rate system is claimed to have the following advantages: Under flexible exchange rate system, a country is free to adopt an independent policy to conduct properly the domestic economic affairs. The monetary policy of a country is not limited or affected by the economic conditions of other countries.

What are the main advantages and disadvantages of Fixed Exchange Rates ?

Fixed or stable exchange rates ensure certainty about the foreign payments and inspire confidence among the importers and exporters. This helps to promote international trade whereas one of the main disadvantage is that the prices were more flexible. Since all these conditions are absent today, the smooth functioning of the fixed exchange rate system is […]

Write a short note on the meaning of Foreign Exchange

In the broader sense, the foreign exchange is related to the mechanism of foreign payments. It refers to the system whereby one currency is exchanged for or converted into another. Foreign exchange market is a market where foreign currencies are bought and sold by the traders’ to meet their obligations abroad.

What are the functions of Reserve Bank of India?

The Reserve Bank of India performs various traditional central banking functions as well as undertakes different promotional and developmental measures to meet the dynamic requirements of the country.

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