Which is the following is an example of an administrative capital control. Taxes on portfolio flows Multiple exchange rate systems Noninterest bearing reserve requirements Approval Procedures Question 6 The toolkit recommended by the IMF for managing capital flows includes: Macroeconomic policies, capital controls, and macro-prudential measures. Capital controls alone since it is capital flows that are being managed. None of these is correct. High levels of foreign exchange reserves to mitigate exchange rate depreciation caused by capital outflow