Also, since the import regime in Sri Lanka was unconstrained after 1977, the scarcity premium is zero for the subsample of 1977-95 [see appendix 1 for a brief description of trade and exchange rate policy regimes in Sri Lanka]. Sri Lanka - Official exchange rate. In 2018, exchange rate for Sri Lanka was 162.5 LCU per US dollars. Over the last 50 years, exchange rate of Sri Lanka grew substantially from 6 to 162.5 LCU per US dollars rising at an increasing annual rate that reached a maximum of 75.94 % in 1978 and then decreased to 6.57 % in 2018.

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Definition: Favorable balance of trade is a positive situation where a country exports more goods and services than what it imports. It is an economic term that refers to the existence of a surplus in the nation’s balance of trade. What Does Favorable Balance of Trade Mean? Question: A favorable balance of trade exists when a country. Balance of Trade: The balance of trade for a country takes into account the country's exports and imports and looks at the balance of The balance of trade can be a "favorable" surplus (exports exceed imports) or an "unfavorable" deficit (imports exceed exports). The official balance of trade is separated into the balance of merchandise trade for tangible goods and the balance of services. The balance of trade is a key indicator of international trade for a country.

Lesson Review Support: is a price level on a stock chart where historically the stock has had difficulty falling below. Resistance: is a price level on a chart where historically the stock has had difficulty rising above. As the stock price approaches a level of support or resistance it will either bump up against and reverse, or break through the price barrier. As a stock’s price approaches a support line, selling volume should dry up as it approaches the key level and buying volume should pick up as it moves away. This is confirmation the support level

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