International Business
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The Salient Features of Export Earners Foreign Currency Account
The exporter/beneficiary of a foreign exchange remittance has the choice that he may retain up to 25% of the value…
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Different Types of Selling Rates in Foreign Exchange
Types of Selling Rates Similar to buying rates. There are two types of selling rates. 1. TT Selling Rate. This…
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Different Types of Buying Rates in Foreign Exchange
When the bank buys foreign exchange from the customer, it sells the same in the inter-bank market at a better…
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Difference Between Spot and Forward Rates
Spot Rate. If the contract with the customer to buy or sell foreign currency is agreed upon and executed immediately…
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Difference Between Direct and Indirect Quotations
(a) Explain the purchase and sate of foreign exchange. (b) Define and distinguish between direct and indirect quotation. (c) Explain…
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The Banking Services Under International Correspondent Banking Relationship
International trade involves places in different countries. It is not possible for a bank to have branches in all centers…
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The Functions of Foreign Exchange Department in a Bank
The foreign exchange department is a highly specialized department in a bank. A wide variety of services are rendered by…
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Comparative Differences In Comparative Cost Theory
(iii) Comparative Differences in Costs. If the production costs. in the two countries are comparative between two countries, inter-national trade…
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Types Of Cost Differences In Comparative Cost Theory
The Theory of Cost assumed that the factors of production are perfectly mobile within the country but totally immobile between…
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Disequilibrium In The Balance Of Payments Of A Country
It is evident that balance of payments is always balanced just like balance sheet of a business concern. The current…
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