A bank is a financial institution that accepts deposits from individuals and businesses, provides loans, and offers various financial services like currency exchange, wealth management, and payment processing. A bank is institution that deals in
Introduction: The term demand is different from desire, want; wish etc. in the language of economics the term demand has different meaning. Any want or desire will not constitute demand. Demand refers to the total
Introduction: A fixed exchange rate (also known as a pegged exchange rate) is a system in which a country’s currency value is tied or pegged to another currency, a basket of currencies, or a commodity
Multinational corporations MNC are huge industrial organization which extender industrial and marketing operation over a number of countries. They are also known as transnational corporations, international corporations and global corporations. Multinational corporations may be defined as
Introduction: The capital which come from other countries is called foreign capital almost all country depend upon foreign capital at the beginning of development. Foreign Direct Investment (FDI) refers to the investment made by a
Introduction: The WTO is a successor to the GATT, the GATT was forum where the member countries met from time to time to discuss and solved World Trade problem, but WTO is a properly established
History of G.A.T.T The GATT was a just an international organization having a permanent council of representatives with headquarters at Geneva. Its function was to call international conference to decide on trade liberalization on a
The GATT [General Agreement on Trade and Tariff] was a multilateral treaty which has been signed by 96 governments known as contracting parties. 31 other countries had applied to GATT. It was neither an organization
Meaning: Foreign exchange is the name given to any foreign currency. The market in which currencies of various countries are exchanged is called foreign exchange market. The participants of this market are commercial banks, foreign
Introduction: The balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of
