Post Utme Aaua 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. What is the likely effect on its exchange rate?

Answer Options

A. Appreciation
Correct Answer B. Depreciation
C. No effect
D. Stagnation
Correct Answer
B
Correct Option:
Depreciation

About This Question

This is Post Utme Aaua 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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