Post Utme Futo 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_FUTO • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) is in equilibrium when its current account is equal to its capital account. What is the implication of this equilibrium on the country's exchange rate?

Answer Options

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

About This Question

This is Post Utme Futo 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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