answersLogoWhite

0


Best Answer

The official reserve account, a subdivision of the capital account, is the foreign currency and securities held by the government, usually by its central bank, and is used to balance the payments from year to year.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is official reserve account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the accounting entry to reduce a reserve account?

Reserve account can be reduce as follows: [Debit] Reserve account xxxx [Credit] Share capital account xxxx


How would you describe the reserve account of a nation's balance of payments?

One last category of international transactions involves those arising among governments and central banks. These transactions are recorded in the official reserve account of a nation's balance of payments.


How can transfer money from your payboxme account to liberty reserve?

yes.. I want transfer money from my paybox.me account to my liberty reserve account{U2979432)


Did Labrador Nature reserve become Singapore's official nature reserve?

yes


Is capital reserve a nominal account or real account?

yes


Does The US Treasury keeps a checking account with the Federal Reserve?

Yes the US treasury keeps a checking account with the Federal Reserve


Can ordinary citizens have an account with the federal reserve bank?

no an ordinary citizen can not have an account with the federal reserve bank, only government employee s can.


Is a Reserve account an asset or liability?

It is assets


What will be Journal entry for purchase of building from general reserve account?

General reserve account cannot be used for purchases of building as general reserve accounts is fixed for some limited kind of transactions like


What is approximate value of funds held in the open market reserve account of the Federal Reserve Bank of New York?

The approximate value of funds held in the open market reserve account of the Federal Reserve Bank of New York is $496 billion.


Does Daniela Hantochova have an official website or a twitter account?

Daniela Hantochova does have a twitter account. She does have an official Twitter account. She also has an official Facebook account for all of her fans.


What is your federal reserve bank account number?

account associated with your birth certificate