Post Utme Esut 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 17 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦100 billion and a capital account surplus of ₦50 billion. What is the likely effect on the country's exchange rate?

Answer Options

A. The exchange rate appreciates
Correct Answer B. The exchange rate depreciates
C. The exchange rate remains unchanged
D. The exchange rate fluctuates
Correct Answer
B
Correct Option:
The exchange rate depreciates

About This Question

This is Post Utme Esut 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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