Post Utme Covenant University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_COVENANT_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is in deficit, indicating that it is importing more goods and services than it is exporting. Which of the following policies would help to reduce the deficit?

Answer Options

Correct Answer A. Devaluing the currency to make exports cheaper
B. Increa\sing government sp\ending to stimulate economic growth
C. Implementing a trade agreement to reduce tariffs
D. Reducing interest rates to encourage borrowing and sp\ending
Correct Answer
A
Correct Option:
Devaluing the currency to make exports cheaper

About This Question

This is Post Utme Covenant University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.

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