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What is foreign dependency?
Foreign dependency is when a country relies on another country, for example for money, jobs, food etc.
How can foreign investments benefit a country?
send money
What is meant by Foreign Remittance?
Money coming into a country, via its diaspora, or family maintenance. In other words, money coming into the country, as foreign exchange, which is then convered (usually) to the country's local currency. This money is sent in by the expat community living abroad.
What do you call the person that speaks for you when in a foreign country?
The person that speaks for you in a foreign country is an Interpreter, but depending on the location they may say the name in that given language.
Why you need foreign money?
Every country that needs money developed their own. This solved money issues within that country but created issues with everyone elses money. Exchange Rates allow your money to be changed to someones elses money at an agreed rate. To everyone in their country everyone elses money is foreign money. On some continents they people who live there have agreed on a common currency so there are fewer foreign money around than there used to be
What is a money supply?
The total supply of money in circulation in a given country's economy at a given time.
What name is given to an isolated part of a country surrounded by a foreign territory?
Enclave.
What is a diplomat who resides in a foreign country where he represents his home country called?
A diplomat who resides in a foreign country where he represents his home country is called an ambassador. In many cases there is an embassy of various foreign governments within any given country. They as a group represent the country of their origin. They are classified as foreign service representatives or diplomats. Normally the top foreign service person is an ambassador.
A diplomat who resides in a foreign country where he represents his home country is called what?
A diplomat who resides in a foreign country where he represents his home country is called an ambassador. In many cases there is an embassy of various foreign governments within any given country. They as a group represent the country of their origin. They are classified as foreign service representatives or diplomats. Normally the top foreign service person is an ambassador.
What are the sources of supply of foreign exchange?
The supply of foreign exchange of a given country stems from the sale of foreign merchandise, services, and capital to that country. When foreigners want to buy a country's exports, they must purchase it currency with their own. Thus the supply of one country's currency available to a second country is closely related to the demand for the second country's currency. When the demand schedule of a given country for a foreign currency is known, the supply schedule of the foreign country's exchange can be frequently derived from it. BY TAVINDER SINGH CAREER BUILDER C-1503 INDIRA NAGAR,LUCKNOW
What does it mean of bringing foreign capital into home country and converting it into the domestic currency?
exchanging foreign money for us
What is foreign remittance?
Foreign remittance can be defined as 'the purchase and sale of freely convertible foreign currencies as admissible under Exchange Control Regulations of the country'.A looser translation is the sending of money home while working in a foreign country. Thousands of people are currently working and living in a country that is not their home, and sending funds regularly back to their families in their home country.There are two type of remittances:1. Foreign Outward Remittance: The sending country, where the wage earner is located. The sender uses a bank or foreign exchange company to send money to foreign country. Many of the receiving banks have established remittance relationships with currency houses and banks in other countries to better facilitate the flow of remittances into the country.2. Foreign Inward Remittance: The receiving country, where the beneficiary resides. The bank receives the money that has been sent from the sending person in the country in which the money has been earned.
