Official reserve account, Microeconomics

Assignment Help:

Official Reserve Account:

This part of the balance of payments informs us about how the balance of both current and capital accounts taken together is settled.Transaction in this section is called accommodating transaction. They are accommodating transaction because the funds are to make the balance of payments balance. When the net balance on the current and capital accounts is in deficit, the deficit must be settled with an equal net credit in the official reserve account. If on the other hand, a country has a surplus, the surplus must be used up to balance the balance of payments.


Related Discussions:- Official reserve account

Microeconomic international policy, Ask questi‘Social welfare functions emb...

Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos

Market structures, the full detailed of market structure their characterist...

the full detailed of market structure their characteristic ,sources with clear explanation

Marginal rate of technical substitution and productivity, MRTS and Marginal...

MRTS and Marginal Productivity The change in output from change in labor equals:                     The change in output from change in capital equals

What do you meant by multinational corporation, Q. What do you meant by Mul...

Q. What do you meant by Multinational Corporation? Multinational Corporation: A multinational corporation (MNC) is a company that directly undertakes productive facilities or o

International economics, how has the haberlers theory of opportunity cost ...

how has the haberlers theory of opportunity cost an improvement over the classical theory of trade

Is there any relation between inflation and unemployment, Is there any rela...

Is there any relation between inflation and unemployment?  The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun

Land, explain land as a part of the four factors of production

explain land as a part of the four factors of production

What is endothermic reaction, What is endothermic reaction? 3. Draw a gener...

What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.

Market structure, discuss the implications of various market structure for ...

discuss the implications of various market structure for price determination

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd