Post Utme Coal City University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = 100 + 20X, where BOP is the balance of payments and X is the exchange rate. If the exchange rate increases by 10%, what is the percentage change in the balance of payments?

Answer Options

A. -10%
B. 0%
Correct Answer C. 10%
D. 20%
Correct Answer
C
Correct Option:
10%

About This Question

This is Post Utme Coal City University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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