Post Utme Nile University 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) is in equilibrium when the current account (CA) is equal to the capital account (KA). What is the implication of this equilibrium on 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 cons\tant.
D. The exchange rate will fluctuate.
Correct Answer
C
Correct Option:
The exchange rate will remain cons\tant.

About This Question

This is Post Utme Nile University 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

View More Post Utme Nile University 2023 Economics Questions More Post Utme Nile University Practice Questions Back to Questions

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