Question

In: Economics

Topic about Open Economies International Trade, Balance of Payments and Exchange Rate a) What did you...

Topic about Open Economies International Trade, Balance of Payments and Exchange Rate

a) What did you already know? What concepts were new to you? What was interesting? What was difficult to understand?

b) Why is it important for you to be able to achieve the CLO? What are you better able to do now or know better, after you have gone through the topics for this CLO?

c) Which aspect do you think is something that you can best apply in your daily life OR in future when you go out to work? Explain how you can apply that concept.

Need help a, b and c in paragraph

Solutions

Expert Solution

A) Open economies are beneficial for the citizens of that country, it is trade of goods and services when carried out with export and import is collectively called as international trade. The transaction of goods and services with different countries is calculated as balance of payment and the rate at which the finance moves between countries is known as exchange rate within goods market. The us a briefing but in detail balance of payment are again classified as current account and capital account. Exchange rates are further in detail known as currency value, which depends on supply and demand , further in deapth there is financial market and foreign exchange market.

B) CLO means collateralized loan obligations is a single port having a backup of some pool of debts. It's is collaborated when the corporate loans showing low credit rating. It is important to get hold of CLO inorder to release from debts. A manager in the financial market collaborates loans and does buying and selling.

C) Financial services are best that we apply in our daily life or may be in future as share trading, loans are applicable if necessary, exchange rates when we do purchase from international market ..Since globalization and liberation are into being these terminologies are common in our daily lives..


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