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METHODS TO CORRECT DISEQUILIBRIUM IN BALANCE OF PAYMENTS

1) NON-MONETARY MEASURES a) Import control measures b) Import substitution measures c) Export promotion measures d) Voluntary export restraints e) Exchange control f) Capital inflows g) Fiscal policy measures

2) MONETARY MEASURES a) Devaluation b) Exchange depreciation c) Revaluation d) Exchange appreciation e) Monetary policy

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