shrsree341o
Financing that deficit by selling assets or by borrowing from abroad by monetary authorities of a domestic country is known as official reserve transaction *but its not widely possible in our country *it helps'in overall balance of payment deficit or surplus can be adjusted through official reserve transaction
*the bank which is well famous are # reserve Bank of India # state Bank of India # syndicate Bank of India
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Suaib
Official reserve transactions are thetransactions made by the Central Bank which cause changes in its official reserves of foreign exchange. This happens only when an economy withdraws from its stock of foreign exchange reserves to finance deficit in its overall BOP.
Answers & Comments
*but its not widely possible in our country
*it helps'in overall balance of payment deficit or surplus can be adjusted through official reserve transaction
*the bank which is well famous are
# reserve Bank of India
# state Bank of India
# syndicate Bank of India
if you think it is a worthy for brainly then mark brainliest
follow me
'-'to my love
for love