7.
_________ is used to correct a deficit
in the Balance of Payments. *
a) revaluation
b) devaluation
c) quotas
d) tariffs
Answers
Answered by
0
Answer:
devaluation is the answer
Answered by
0
Answer:
a is correct answer
Explanation:
The important way to reduce imports and thereby reduce deficit in balance of payments is to adopt monetary and fiscal policies that aim at reducing aggregate expenditure in the economy.
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