Post Utme Ims U 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A country's balance of payments (BOP) accounts can be affected by changes in its exchange rate. If a country's exchange rate appreciates, what is the likely effect on its trade balance?

Answer Options

A. The trade balance will improve.
Correct Answer B. The trade balance will worsen.
C. The trade balance will remain unchanged.
D. The trade balance will increase.
Correct Answer
B
Correct Option:
The trade balance will worsen.

About This Question

This is Post Utme Ims U 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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