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(1)(a)What private international transactions make up the current account of a country's BOP account? (b) Suppose a country devalues its domestic currency to correct a

(1)(a)What private international transactions make up the current account of a country's BOP account?

(b) Suppose a country devalues its domestic currency to correct a BOT deficit, explain how this strategy is supposed to work. Discuss the limitations of this policy and how they relate to the J-Curve theory.

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