Question:
What is Bonded Ware House?
Answer:
A
customs store of godown where bonded goods are stored.
Question:
What is Bonded Goods ?
Answer:
Goods stored under the care of customs authority in
a ware house until the custom duties including duties are paid.
Question:
What is Exchange rate?
Answer:
Ø The rate at which two
nations currencies are exchanged.
Ø Exchange rate is determined
by supply of and demand for currency
Ø In Bangladesh, Floating Exchange rate
is practiced.
Question:
What Does Spot Exchange Rate Mean?
Answer:
The rate of a foreign-exchange contract for
immediate delivery. Also known as "benchmark rates",
"straightforward rates" or "outright rates", spot rates
represent the price that a buyer expects to pay for a foreign currency in
another currency.
Question:
What is Soft currency?
Answer:
Soft currency indicates a type of currency whose
value may depreciate rapidly or that is difficult to convert into other
currencies. It is generally less desirable than hard currency to users. For
example , Taka.
Question:
What is Hard currency?
Answer:
Ø
A stable currency, well supported by reserves, which is in demand in
world markets and therefore easily convertible into other currencies.
Ø
A currency in which investors have confidence, such as that of an
economically and politically stable country. For example, Euro, USD , Pound
Sterling etc.
Question:
What is Special Drawing Right (SDR) ?
Answer:
Ø
Special Drawing Rights (SDR) is costless assets that increase a
nation's foreign exchange reserves without the need for an actual transfer of
funds.
Ø
Allocated to nations by the International Monetary Fund (IMF), SDR
represent a claim to foreign currencies for which they may be exchanged
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