Economy, asked by myselfpratiksha, 1 year ago

what is meant by ' Official Reserve Transaction ' ? Discuss their importance in Balance of Payments.

Answers

Answered by ps5441158

Answer: Official reserve transactions are the transactions made by the Central Bank which cause changes in its official reserves of foreign exchange. This happens only when an economy withdraws from its stock of foreign exchange reserves to finance deficit in its overall BOP.

Answered by mounika12364

Official reserve transactions are the transactions made by the central bank which cause changes into its official reserves of foreign exchange this happens when only an economy withdraws from its stock

Previous Question

Next Question

Similar questions

Biology, 7 months ago

If A, B and C are three genes lying in a sequence on the same chromosome and genes A and C show 10% recombination while genes B and C show 2% recombination, how many map units are genes A and B apart? State the two possible options and draw diagrams to support your answer PLSS ANSWER THIS...

Social Sciences, 7 months ago

class 8th computer lea rn well book...

History, 7 months ago

the Silk route is a type of silk cloth the Chinese used to make. true or false.

English, 1 year ago

several people were injured. convert it to passive voice...

Political Science, 1 year ago