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Foreign exchange transactions dependent on other foreign exchange transactions are called ______. - Economics

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MCQ
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Foreign exchange transactions dependent on other foreign exchange transactions are called ______.

Options

  • Current account transactions

  • Capital account transactions

  • Autonomous transactions

  • Accommodating transactions

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Solution

Foreign exchange transactions dependent on other foreign exchange transactions are called accommodating transactions.

Explanation:-

These transactions are international economic transactions which are not made with a profit motive such as government financing. This transaction is meant to restore the balance of payment identity.

Concept: Concept of Foreign Exchange Rate
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