Describe any three sources of demand for foreign exchange.
Describe any three sources of demand for foreign exchange.
4 views
1 Answers
Foreign exchange is demanded for the purpose of:
(i) Payments of international loans.
(ii) Gifts and grants to rest of the world.
(iii) Investment in rest of the world.
(iv) Direct purchases abroad as well as imports from rest of the world.
4 views
Answered