What is the role of official reserve account? Option 1: Records trade in goods. Option 2: Reflects errors in data. Option 3: Stabilize the currency and manage BOP imbalance. Option 4: Attracts foreign investment.

The answer is 'Stabilize the currency and manage BOP imbalance.'. View full solution:

What is the ro<= of official reserve account?

Stabilize the currency and mana>= BOP imbalance.

CUET Economics 2025 30 May Shift 1

Macro

Medium

Records trade in goods.

Reflects errors in data.

Stabilize the currency and manage BOP imbalance.

Attracts foreign investment.

✅ Correct Option: 3