Post Utme Caleb University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is equal to the capital account. Which of the following is a characteristic of a country with a balance of payments equilibrium?

Answer Options

Correct Answer A. The exchange rate is stable
B. The exchange rate is volatile
C. The trade balance is in surplus
D. The trade balance is in deficit
Correct Answer
A
Correct Option:
The exchange rate is stable

About This Question

This is Post Utme Caleb University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

View More Post Utme Caleb University 2017 Economics Questions More Post Utme Caleb University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support