Post Utme Lasu 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_LASU • 2018 • ECONOMICS • objective

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

Answer Options

A. The exchange rate will appreciate.
B. The exchange rate will depreciate.
Correct Answer C. The exchange rate will remain unchanged.
D. The exchange rate will fluctuate.
Correct Answer
C
Correct Option:
The exchange rate will remain unchanged.

About This Question

This is Post Utme Lasu 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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