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write short notes on autonomous transactions and accommodating transac

distinguish between autonomous transactions and accommodating transactions under balance of payments

   Related Questions in International Economics

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    Fixed exchange rate system (or pegged exchange rate system): This is a system in which exchange rate of a currency is fixed by government. This system makes sure stability in the foreign trade and capital movement.

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    Balance of payment: It is a systematic record of each and every economic transaction of a country with the rest of world in an accounting year.

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    Define foreign exchange: It is the currency other than domestic currency.

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