_________transactions are undertaken to correct or offset the imbalance caused by __________transactions.

accommodating, autonomous

The correct answer is option 1:accommodating, autonomous

Accommodating Transactions: These transactions are undertaken to correct or offset the imbalance caused by autonomous transactions. They are dependent on the need to balance the effects of autonomous transactions and include actions like borrowing or lending in the foreign exchange market to manage the imbalance.

Autonomous Transactions: These are transactions that occur independently of the balance of payments. They include transactions driven by the market forces, such as exports, imports, and investment flows. They are not influenced by the state of the balance of payments.