Post Utme Afe Babalola University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is equal to the capital account. What is the value of the exchange rate that achieves this equilibrium?

Answer Options

A. €1 = $1.50
B. €1 = $1.25
Correct Answer C. €1 = $1.00
D. €1 = $0.80
Correct Answer
C
Correct Option:
€1 = $1.00

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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