Question

9. foreign exchange rate determines foreign trade. Import of capital goods by India from Australia will be
recorded in www current account/capital account) of balance of payment account​

Answer 1

Answer:

foregin exchange rate is amount of domestic currency that must be paid in order to get a unit of foreign currency.According to purchaising power parity theory ,the foregin exchange rate is determined by the relative purchaising powers of two currencies

Answer 2

Explanation:

i think answers is current account