English, asked by aaliyajahan8447, 4 months ago

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

Answers

Answered by sarafarsana

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

Answered by anuragkumar53799

Explanation:

i think answers is current account

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