Use graph: (Hint: You can think of US dollar as the foreign currency in foreign exchange market) (3) a) This summer has been extremely hot. In fact, many crops that need water to thrive have been suffering from dry conditions. Does bad weather, which reduces crop production, make the Bangladeshi Taka weaker or stronger? b) The popularity of the leader of a nation can affect the value of their currency. If the Prime Minister of Bangladesh has a good popularity rating with the citizens of Bangladesh, does that make the Taka stronger or weaker? Can you describe why?
Use graph: (Hint: You can think of US dollar as the foreign currency in foreign exchange market) (3)
a) This summer has been extremely hot. In fact, many crops that need water to thrive have been
suffering from dry conditions. Does bad weather, which reduces crop production, make the
Bangladeshi Taka weaker or stronger?
b) The popularity of the leader of a nation can affect the value of their currency. If the Prime
Minister of Bangladesh has a good popularity rating with the citizens of Bangladesh, does that
make the Taka stronger or weaker? Can you describe why?
Giving reasons, state whether the following statements are True or False. Give the reasoning
regardless of True/ False (4)
a. When Balance of payment is Positive, Official Reserve increases.
b. Excess of foreign exchange receipts over foreign exchange payments on account of
accommodating transactions equals deficit in the Balance of Payments.
c. Export and import of machines are recorded in capital account of Balance of Payments
account.
d. External assistance is recorded in Current Account of Balance of Payments account.
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