Which of the following is not a non monetary measure to correct the disequilibrium in BOP ?

Question

Quizplus · Accepted Answer

Devaluation is a monetary policy tool, not a non-monetary measure. It involves reducing the value of a nation's currency relative to other currencies, which can affect the balance of payments by making exports cheaper and imports more expensive, thereby encouraging exports and discouraging imports. Non-monetary measures include tariffs, import quotas, and export promotion strategies, which do not involve altering the currency's value.

Which of the Following Is Not a Non Monetary Measure