Post Utme Noun 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A country has a trade deficit of $100 million and a current account deficit of $50 million. What is the likely effect on the exchange rate?

Answer Options

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

About This Question

This is Post Utme Noun 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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