Post Utme Aaua 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 2 POST_UTME_AAUA • 2022 • ECONOMICS • objective

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

A. The exchange rate is likely to appreciate.

Correct Answer B. The exchange rate is likely to depreciate.

C. The exchange rate is likely to remain unchanged.

D. The exchange rate is likely to fluctuate.

Correct Answer

Correct Option:

The exchange rate is likely to depreciate.

This is Post Utme Aaua 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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