Define accommodating transactions in Balance of Payments of an economy.
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Accommodating Transactions. Transfers of money, gold, or highly liquid assets that a central bank or other monetary authority makes to stabilize a country's balance of payments. The accommodating transactions are not made for purposes of profit, but instead to help bring equilibrium to a country's currency.
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Autonomous transactions in Balance of payments of an economy are those transactions which are undertaken for some economic motive.
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Accommodating transactions in Balance of Payments of an economy are those transactions that are undertaken to cover any gap existing in the balance of payments.
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