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What could be the measures to correct disequilibrium in the balance of payments?
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- In the BOP accounts, what are the four basic components of the current account? How can information about the financing of a country’s current account be obtained?If a country’s exchange rate depreciates what would be the most likely impact on exports, imports and the trade balance of the country?What effect does a high exchange rate have on imports, exports, and that country's production?