What is meant by official reserve transaction? Discuss their importance in BoP.
Asked by dwivediastha717
5th March 2018,
6:47 PM
Answered by Expert
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 Expert
6th March 2018,
11:05 AM
Rate this answer
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
You have rated this answer 8/10
Your answer has been posted successfully!
RELATED STUDY RESOURCES :
CBSE Class-12-humanities QUESTION ANSWERS
Trending Tags
Latest Questions
JEE Main Mathematics
Asked by amaladelsingh
28th October 2020,
10:24 PM
CBSE X Biology
Asked by reenacharan2008
28th October 2020,
9:11 PM
