Question

Autonomous items are recorded in which accounts of the BoP?

Options

• Official reserve transactions only

• Only the Errors and Omissions entry

• Current and Capital Accounts

• Only the Capital Account in the old classification

Answer 1

Autonomous items — exports and imports of goods, exports and imports of services, unilateral transfers, and capital transactions — are recorded in the Current and Capital Accounts. Accommodating items, by contrast, are recorded under official reserve transactions.