Distinguish between autonomous transactions and accommodating transaction
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Autonomous transaction refers to a transactions that allow a single transaction to be subdivided into multiple transactions, each of which will be tracked for auditing purposes.
When an autonomous transaction is called, the original transaction is temporarily suspended.
Where as accommodating transactions refers to transfers of money, gold, or highly liquid assets that a central bank or any 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.
Hope it helps u out...
Autonomous transaction refers to a transactions that allow a single transaction to be subdivided into multiple transactions, each of which will be tracked for auditing purposes.
When an autonomous transaction is called, the original transaction is temporarily suspended.
Where as accommodating transactions refers to transfers of money, gold, or highly liquid assets that a central bank or any 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.
Hope it helps u out...
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