Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
Premium Balance of payments International economics Bretton Woods system
Question DEWI TAMARA Crude Palm Oil After Crisis 2008 Course Topic : Managerial Economics Specific/ Related Topics : Comparative Advantage Case Synopsis On Asian crisis 1998‚ the palm owner and businessman still could face the crisis smugly. The base price of crude palm oil (CPO) for one fresh stem of oil palm (tandan buah segar) was USD 600 per ton‚ but with the exchange rate of Rp 16.000 per 1 USD‚ the producers were quite blessed from the crisis condition. With the average area owneship
Premium Economics Palm oil Malaysia
MARKETING OF CRUDE OIL & PRODUCTS CPM-DS‚ HPCL SANGEETH P S ISPE-HPCL-CPM-DS1-015 08/JULY/2013 MARKETING OF CRUDE OIL & PRODUCTS PART I : Each Question is of 1 mark each 1. Name petroleum products which we get on processing Crude Oil. Ans: Petroleum products are usually grouped into three categories: light distillates (LPG‚ gasoline‚ naphtha)‚ middle distillates (kerosene‚ diesel)‚ heavy distillates and residuum (heavy fuel oil‚ lubricating oils‚ wax‚ asphalt). This classification is
Premium Petroleum
DROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC Executive Summary The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil prices include a massive
Premium Economics Inflation Petroleum
CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be de fined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? It Answer: would be useful to examine a country’s BOP
Premium Balance of payments International economics
international trade is. There are more of exports as compared to imports in addition to other inflows like investment by foreigners of the country. We also came to know that the government has to incur the cost for holding such reserves. Balance of Payments Balance of Payment is a systematic record of all
Premium International economics Currency Balance of payments
purchase of assets (e) Foreign imports Answer: A (2) A country’s current account (a) balance equals the change in its net foreign wealth. (b) balance equals the change in its foreign wealth. (c) surplus equals the change in its foreign wealth. (d) deficit equals the change in its foreign wealth. (e) None of the above. Answer: A (3) The aggregate money demand depends on (a) The interest rate (b) The price level (c) Real national income (d) All of the above. (e) Only (a) and (c) Answer:
Premium Exchange rate Inflation Foreign exchange market
THE 18TH CENTURY INDUSTRIAL REVOLUTION IN ENGLAND The INDUSTRIAL REVOLUTION can be said to have made the European working-class. It made the European middle-class as well. In the wake of the Revolution‚ new social relationships appeared. As Ben Franklin once said‚ "time is money." Man no longer treated men as men‚ but as a commodity which could be bought and sold on the open market. This "commodification" of man is what bothered Karl Marx -- his solution was to transcend the profit motive by social
Premium Industrial Revolution
English 102 24th March 2013 Crude Oil use What can we do to use crude oil efficiently but reduce the negative effects it has on the environment? For over three hundred million years‚ right before our existence‚ Oil has been around. Right from when the earth was covered in big‚ huge trees and extensive vegetation; crude oil has been around and can be found in Pools of deposits inside the sedimentary rocks beneath the earth surface‚ after all crude oil is decayed vegetable matter. There
Premium Petroleum Peak oil Fossil fuel
BALANCE OF TRADE AND BALANCE OF PAYMENTS – An Introduction The balance of payments account indicates a systematic record of all export incomes and import payments of a country during any year. Any import from abroad has to be paid for. On the other hand‚ any export will bring money flow into the country. If we subtract the total value of the imported commodities from the total value of the exported commodities of a country‚ what we obtain is called the ‘Balance of Trade’ of the country. If the
Premium International trade Export