BUSINESS FINANCE AND ACCOUNTING QUESTIONS

Jun 18th, 2015
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a. Current Account Deficit Ans. A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, , as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage

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1. USD INR 61.13 /61.46 and EUR INR 83.14/83.68 , Calculate USD EUR Rate2. Bank A : GBP AUD 1.6920/1.6960Bank B: AUD GBP 0.5930/0.5970Calculate the Arbitrage on 1 million3. USD INR 61.30/62 Calculate Mid-Rate , Spread , % Spread4. USD INR 60.10/60.50USD KES 91.50/91.90Calculate INR KES?5. Explain the terms:a. Current Account DeficitAns. A measurement of a countrys trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a countrys foreign transactions, and along with the capital account is a component of a countrys balance of payment.A current account deficit represents a negative net sales abroad. Developed countries, such as the United States, often run current account deficits, while emerging economies often run current account surpluses. Countries that are very poor tend to run current account deficits.A country can reduce its current account deficit by increasing the value of its exports relative to the value of imports. It can place restrictions on imports, such as tariffs or quotas, or it can emphasize policies that promote exports, such as import substitution industrialization or policies that improve domestic companies' globa

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