Post Utme Madonna University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice

Question 17 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is in deficit due to a large trade deficit. Which of the following policies would help to reduce the deficit?

Answer Options

Correct Answer A. Devaluation of the currency

B. Increase in interest rates

C. Reduction in government sp\ending

D. Increase in taxes

Correct Answer

Correct Option:

Devaluation of the currency

About This Question

This is Post Utme Madonna University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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