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(4)(a)What international transactions make up the current account and basic account of a countrys BOP? (b)What measures can a country take to deal with its

(4)(a)What international transactions make up the current account and basic account of a countrys BOP? (b)What measures can a country take to deal with its balance of trade deficit? (c) Briefly discuss how devaluation is supposed to work to reduce a countrys trade deficit? What are the limitations of this strategy?

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