Post Utme Greenfield University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) accounts show a trade deficit of $100 million. Which of the following would be a likely consequence of this trade deficit?

Answer Options

A. A decrease in the value of the country's currency
B. An increase in the value of the country's currency
Correct Answer C. A decrease in the country's foreign exchange reserves
D. An increase in the country's foreign exchange reserves
Correct Answer
C
Correct Option:
A decrease in the country's foreign exchange reserves

About This Question

This is Post Utme Greenfield University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

View More Post Utme Greenfield University 2017 Economics Questions More Post Utme Greenfield University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support