If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then what will happen to the exchange rate between USD and taka. What could Bangladesh Bank do to keep the exchange rate unchanged? Make sure you draw a diagram to show your answer.
If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then what will happen to the exchange rate between USD and taka. What could Bangladesh Bank do to keep the exchange rate unchanged? Make sure you draw a diagram to show your answer.
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
Problem 1DQ
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If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then what will happen to the exchange rate between USD and taka. What could Bangladesh Bank do to keep the exchange rate unchanged? Make sure you draw a diagram to show your answer.
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