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OPEC nations account for two-thirds of the world's oil reserves. Other entities include Mexico and the North Sea area. ChaCha!
balance of payments consists two accounts namely current account and capital account. The current account deals with import of visible and invisible items and unilateral transfers. a surplus in this accounts makes a country's BOP a surplus and a deficit in this accounts indicates that the country's BOP is deficit. The capital account indicates the capital movements of that country with other countries. it also shows the countries gold and other reserves. a surplus and a deficit in the current accounts increases and decreases the reserve and so the balance of payments is equalised always. so when we say that BOP is deficit we mean only the current account in the BOP. because BOP will always be equalised.
The reserve requirement affects interest rates by impacting the money multiplier and monetary base. With more money in the system, interest rates will be lower, with a higher reserve interest rates will be higher. Also if a bank has to keep for example 50% reserves then they can only lend out and collect interest on 50% of their money which means that the rate charged to borrowers will have to be significantly higher.
Macro economic instabilty. A deficit in the balance of payments has these effects : an excess of imports over exports, a dependence on foreign investors, and an overvalued currency. Countries experiencing a payments deficit must make up the difference by exporting gold or Hard Currency reserves, such as the U.S. Dollar, that are accepted currencies for settlement of international debts. Since more is imported and less is exported. The real national income will fall which would have ripple effects and damage the economy. There could also be a rise in inflation. Foreign exchange reserves will be depleted which will hurt the stability and reserve funds.
The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.
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1. capital account balance and forex reserves for the period 2001-2006 and list the major features.
Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
data on indias current account balance for period 2001-2006
please send the answer to enable me submit the assignment to ignou MBA programme
[Debit] Net income account [Credit] General Reserves
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Read your governing documents to determine how 'restricted reserves' are treated as accounts. Often, and state laws can dictate -- that 'restricted reserves' are mandated to be kept in separate accounts, in a bank, for example. Whether these are 'maintenance reserves' , 'capital reserves' or 'insurance deductible reserves', your chart of accounts should differentiate (each of) them from the association's operating account.
Court
No you cannot.
to collect and account for revenue