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Spending more than you Earn - Printable Version

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Spending more than you Earn - ketchim - 08-28-2013

A deficit happens when a country's Import bill :

is bigger than its earnings from  Exports !

Samjay ?  :-\


Re: Spending more than you Earn - ketchim - 08-28-2013

A widening deficit not only puts a strain on the nation's foreign exchange reserves :

but also indicates that it may need to borrow more money.  Sad


Re: Spending more than you Earn - villagebelle - 08-28-2013

or at home....

it's when you spend more money shopping
than you earn!!


Re: Spending more than you Earn - ketchim - 08-29-2013

Leading businessman Ratan Tata's comment that India has "lost the confidence of the world" after the rupee's sharp depreciation

is making headlines in newspapers today !

                                [Image: _69533046_tatamainpic-afp.jpg]


Re: Spending more than you Earn - ketchim - 08-29-2013

India's central bank says it will sell US dollars to three state-run oil firms :

as it looks to stem the decline in the Indian rupee.  :-[