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An advanced balance payment could be corrected through 

Commerce
WAEC 2024

An advanced balance payment could be corrected through 

  • A. increase in the put
  • B. increase in export
  • C. reduction of export
  • D. removal of tariffs
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Correct Answer: Option B
Explanation

An advanced balance of payments means that total imports exceed total exports. Thus, one of the surest ways to correct it is by increasing exports.

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