Post Utme Eksu 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A country's balance of payments is in surplus when its exports exceed its imports. What is the effect of this surplus on the country's exchange rate?

Answer Options

Correct Answer A. The exchange rate will appreciate
B. The exchange rate will depreciate
C. The exchange rate will remain unchanged
D. The exchange rate will fluctuate
Correct Answer
A
Correct Option:
The exchange rate will appreciate

About This Question

This is Post Utme Eksu 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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