Question
Which policy determines the free conversion of
domestic currency with international currencies?Solution
Capital account convertibility (CAC) means the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This implies that Capital Account Convertibility allows anyone to freely move from local currency into foreign currency and back. Current account convertibility allows free inflows and outflows for all purposes other than for capital purposes such as investments and loans.
- Identify x such that x% of 540 plus {1080 ÷ x of 9} × 6 gives 162
- Determine the value of ‘p’ if p = √529 + √1444
2/5 of 3/4 of 7/9 of 14400 = ?
(32.1)² + (46.8)² - (28.8)² =? + 2257.97
(36/8)2 × (912/38) ÷ (122/1586) = ?
...What value should come in the place of (?) in the following questions.
336 ÷ 6 ÷ √16 * ? = 1400 ÷ 4
If 1.123 × 3.211 = 3.122 + ______________, then the number in blank space is
3.3 Times 2/27 of 40% of 364=?
√529 + √64 + 92 = ?
(3/7) of 700 + 33(1/3)% of 339 - 69 =?
