Post Utme Christopher University 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 33 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is in deficit and its capital account is in surplus. What is the effect on the exchange rate?

Answer Options

A. Appreciate
Correct Answer B. Depreciate
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Depreciate

About This Question

This is Post Utme Christopher University 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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