In using exchange controls, a nation attempts to eliminate a balance of payments deficit by:

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Exchange controls are measures implemented by a nation's government to regulate the flow of capital into and out of the country. The objective is to ensure that outflows do not exceed inflows, especially in terms of foreign exchange. To eliminate a balance of payments deficit, a nation may use exchange controls to limit its imports to the dollar value of its exports. This helps to reduce the demand for foreign exchange, which then helps to balance the nation's current account.

In Using Exchange Controls, a Nation Attempts to Eliminate a Balance