Unit XI: The Mechanism of Foreign Exchange - Applied Economics

Unit XI: The Mechanism of Foreign Exchange - Applied Economics

An exchange rate is a rate at which one currency can be exchanged for another. In other words, it is the value of another country's currency compared to that of our own. If we are travelling to another country, we need to "buy" the local currency.

The Mechanism of Foreign Exchange - Applied Economics

In this “The Mechanism of Foreign Exchange - Applied Economics” you will learn about following topics:

  1. Introduction to the Mechanism of Foreign Exchange
  2. The Determination of the Rate of Foreign Exchange
  3. Demand for Foreign Exchange (Currency)
  4. Supply of Foreign Exchange
  5. Determination of Exchange Rate
  6. Change in Exchange Rate
  7. The Adjustable ‘Peg’ System
  8. Fixed Exchange Rates
  9. Advantages of Fixed Exchange Rates
  10. Floating Exchange Rates
  11. Advantages of Floating Exchange Rates
  12. Types of Exchange Rate System

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BCA 6th Semester Applied Economics Notes:

Unit I: Introduction Of Economics - Applied Economics

Unit II: Theory Of Consumer Demand - Applied Economics

Unit III: Analysis Of Cost And Revenue - Applied Economics

Unit IV: Theory Of Production - Applied Economics

Unit V: Product Pricing - Applied Economics

Unit VI: Factor Pricing - Applied Economics

Unit VII: National Income - Applied Economics

Unit VIII: Theory Of Employment - Applied Economics

Unit IX: Consumption Saving And Investment Functions - Applied Economics

Unit X: Business Cycle - Applied Economics

Unit XII: Macro Stabilizing Policies - Applied Economics

Unit XIII: Economics Of Development - Applied Economics

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