Post Utme Futa 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2018 • ECONOMICS • objective

Consider a country that has a trade balance of $100 million and a current account deficit of $200 million. If the country's exchange rate is given by the ratio of the trade balance to the current account deficit, what is the value of the exchange rate?

Answer Options

A. ( 0.5 )
B. ( 1 )
Correct Answer C. ( 1.5 )
D. ( 2 )
Correct Answer
C
Correct Option:
( 1.5 )

About This Question

This is Post Utme Futa 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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