Business Studies, asked by Ridhima8483, 1 year ago

What is meant by official reserve transactions discuss their importance in balance of payments?

Answers

Answered by Anonymous

The decrease in official reserves is known as overall Balance of Payments deficit and the increase in official reserves is known as overall Balance of Payments surplus.

Answered by UrvashiBaliyan

Answer:

The decrease in official reserves is known as overall Balance of Payments deficit and the increase in official reserves is known as overall Balance of Payments surplus.

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