One of the physical measures that can be used to reduce the volume of imports is the
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Correct Answer: Option C
Explanation:
Foreign exchange control is the procedure by which a government intervenes in the foreign exchangemarket, banning or restricting sales and purchases of local currencies by non-residents as well as sales and purchases of foreign currencies by residents. when there is no foreign exchange to engage in international trade, imports will fall
Foreign exchange control is the procedure by which a government intervenes in the foreign exchangemarket, banning or restricting sales and purchases of local currencies by non-residents as well as sales and purchases of foreign currencies by residents. when there is no foreign exchange to engage in international trade, imports will fall