CBSE · Class 12 · Economics
Balance of Payments
Chapter 5Introductory MacroeconomicsCBSE / NCERT · Secondary & Senior Secondary
Topics
External accounts
- Balance of payments account and components
- Surplus and deficit
Exchange rates
- Fixed, flexible and managed floating rates
- Free-market exchange-rate determination
- Merits and demerits of fixed and flexible rates
Learning objectives
- Explain how demand and supply of foreign exchange determine a flexible exchange rate.
Labs for this chapter are on the way
We are building worlds, labs and stories for Balance of Payments. Meanwhile, practise its questions or explore the rest of Social Science.
