Question:
To reduce deficit in the balance of payments of a country, what requirement(s) is/are needed?
Options:
To reduce deficit in the balance of payments of a country, what requirement(s) is/are needed?
Options:
Options:
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A combination of increasing exports, reducing imports, and currency devaluation can help reduce a balance of payments deficit.
Updated On: Nov 5, 2025
- Increase its exports
- Decrease its imports
- Devaluate its currency
- All of these
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The Correct Option is D
Solution and Explanation
To reduce the deficit in the balance of payments, a country can take several actions, including increasing exports, decreasing imports, and devaluating its currency to make exports more competitive.
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