Post Utme Madonna University 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_MADONNA_UNIVERSITY • 2017 • ECONOMICS • objective

A country's trade balance is in deficit. What does this imply about the country's exchange rate?

Answer Options

A. The exchange rate is overvalued.
Correct Answer B. The exchange rate is undervalued.
C. The exchange rate is at its equilibrium value.
D. The exchange rate is floating.
Correct Answer
B
Correct Option:
The exchange rate is undervalued.

About This Question

This is Post Utme Madonna University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.

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