The balance of payments (BoP) deficit can be reduced by
1. Appreciation of domestic currency
2. Restricting unnecessary imports
3. Providing export subsidies to domestic producers
4. Borrowing from abroad
Select the correct answer using the codes given below:
1
1 and 2 only
2
1 and 4 only
3
2 and 3 only
4
1, 2 and 3