CUET Economics 2025 16 May Shift 1Macro > HardThey are termed 'below the line' items.These are determined by the gap in the balance of payments.They are independent of the state of BoP.They are made to bridge the gap in the BoP.✅ Correct Option: 3Related questions:29 May Shift 1Arrange the following in ascending order according to their year of implementation (A) The Smithsonian Agreement. (B) First World War. (C) Introduction of Liberalized Exchange Rate Management System. (D) The Bretton Woods Conference. Choose the correct answer from the options given below:30 May Shift 2Under this system, official reserve transactions are not equal to zero.27 May Shift 2Which among the following is not a direct participant in the foreign exchange market?