Balance of payment deficit can be removed through:(a) Devaluation of currency (b) Export promotion(C) Import substitution (d) All of the above.

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Balance of payment deficit can be removed through:(a) Devaluation of currency (b) Export promotion(C) Import substitution (d) All of the above.
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Solution 1

The balance of payment deficit can be removed through the following steps:

  1. Devaluation of currency: Devaluation refers to the deliberate reduction in the value of a country's currency relative to other currencies. By devaluing the currency, the country's exports become cheaper for foreign buyers Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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