Post Utme Futa 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Futa Economics examination.

Post Utme Futa 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_FUTA • 2019 • ECONOMICS • objective

A country's balance of payments is in equilibrium. Which of the following is a consequence of this?

Answer Options

A. The country's exchange rate is overvalued.
B. The country's exchange rate is undervalued.
Correct Answer C. The country's exchange rate is at its equilibrium value.
D. The country's exchange rate is floating.
Correct Answer
C
Correct Option:
The country's exchange rate is at its equilibrium value.

About This Question

This is Post Utme Futa 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.

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