Economics · Balance of Payments
When are International Economic Transactions referred to as 'autonomous' transactions in the Balance of Payments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When transactions are restricted solely to government-to-government aid.
- 2When transactions are undertaken specifically to bridge the gap in the balance of payments.
- 3When transactions are made independently of the state of the balance of payments, usually for profit motives.✓
- 4When the central bank sells foreign exchange reserves to cover a balance of payments deficit.
Correct answer
When transactions are made independently of the state of the balance of payments, usually for profit motives.
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