Post Utme Joseph Ayo Babalola University 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice

Question 22 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in surplus. What is the likely effect on its exchange rate?

Answer Options

Correct Answer A. The exchange rate will appreciate

B. The exchange rate will depreciate

C. The exchange rate will remain unchanged

D. The exchange rate will fluctuate

Correct Answer

Correct Option:

The exchange rate will appreciate

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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