Economy, asked by shivam1807, 10 months ago

what is the significance of autonomous transaction of BOP

Answers

Answered by drmnf786

1

Answer:

Explanation:

Autonomous transactions are independent of the state of BOP account. For example, if a foreign company is making investments in India with the aim of earning profit, then such a transaction is independent of the country's BOP situation. Autonomous transactions take place on both current and capital accounts.

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