Post Utme Mountain Top University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ECONOMICS • objective

A country's trade balance is in deficit, and its current account deficit is financed by foreign direct investment. What is the effect on the country's exchange rate?

Answer Options

A. Appreciation
Correct Answer B. Depreciation
C. No change
D. Uncertain
Correct Answer
B
Correct Option:
Depreciation

About This Question

This is Post Utme Mountain Top University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Mountain Top University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support