Identify the most important components of the official international reserves of a central bank?
What will be an ideal response?
Answer: Official reserves consist of three major components: foreign exchange reserves, gold reserves, and IMF-related reserve assets, with the first being by far the most important component. Foreign exchange reserves are all the foreign currency denominated assets the central bank holds, and mostly consist of foreign government bonds.
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A paradigm for electronic communications where messages are split into
blocks of data with limited size, which are then transmitted one-by-one across the network is called _________. A. message switching B. circuit switching C. packet switching D. data switching
Under the modified accrual basis, revenues are considered available to finance current period expenditures if
a. legally available to finance current period expenditures. b. collected during the current period. c. collected in the current period or soon enough thereafter to be used to pay liabilities of the current period. d. both items a and b. e. Both items a and c