Question : Which of the following statement is correct?
- The official reserves transactions are taken as the accommodating item in the balance of payment.
- Accommodating items of trade are undertaken in order to maintain the balance in the BOP account.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Answer (1)
20th Jan, 2024
Correct Answer:
Both are true
Solution :
The official reserves transactions are taken as the accommodating item in the balance of payment.
Accommodating items of trade are undertaken in order to maintain the balance in the BOP account.
Hence option A is correct .
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