Balance of trade is the difference between export of services and import of services of a country. (True/ False)
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False.Exzpianation:
Balance of trade is the difference between export of material goods and import of material goods of a country. It relates only to visible items of trade
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Are the following statement true or false? Give reason.
Depreciation of Indian rupees will occur when ₹ 55 have to be paid to exchange one US $ instead of present rate of ₹ 50/ $.
Giving reason, state whether the following statement are true or false.
Foreign exchange received on account of export of sugar will be recorded in current account.
Giving reason, state whether the following statement are true or false.
Accommodating items of trade are undertaken in order to maintain the balance in the BOP account.
Giving reason, state whether the following statement are true or false.
Unilateral transfers received from abroad will be recorded as a credit item of BOP on current account.