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Discuss how companies use foreign exchange?
Companies enter the foreign exchange market to facilitate their regular transactions and or to speculate
What is the largest source of foreign exchange in the Philippines?
The largest source of foreign exchange in the Philippines is the remittances sent by Overseas Filipino Workers (OFWs). These remittances significantly contribute to the country's economy, providing a vital source of income for many families and supporting local businesses. In recent years, remittances have consistently outpaced other sources of foreign exchange, such as tourism and foreign direct investment. This reliance on remittances underscores the importance of the Filipino diaspora in the national economy.
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
How can Pakistan increase foreign exchange?
by increasing revenues,stabilizing the economy
What is the importance of foreign capital inflows to the namibian economy?
The importance of the foreign capital inflows to the Namibian economy is that the foreign exchange is used for both the imports and exports. The foreign capital inflows is therefore very important.
Why does the supply curve in the foreign-currency exchange market become vertical in an open economy?
In an open economy, the supply curve in the foreign-currency exchange market becomes vertical because the central bank can adjust the supply of its currency to meet the demand, ensuring stability in the exchange rate.
What are some things that have a sinnificant effect on the foreign exchange rate?
There are a number of things that have a significant effect on the foreign exchange rate. Some of them include state of the economy and the value of the currency among others.
Foreign exchange rates refer to the?
A straight answer for your question is the economy of the currency based on present, past and future perspective.
What are the implications of rising inflation to an economy?
No economic growth or development, foreign exchange reserve and impact on the monetary policy.
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
Why is tourism an important economy in the Caribbean islands?
1. It brings foreign exchange into the region. 2. It is their main source of income.
What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
