Post Utme Noun 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A country is experiencing a trade deficit due to a large imbalance in its trade with a major trading partner. If the country's central bank decides to implement a policy of currency appreciation, what will be the effect on the trade deficit?

Answer Options

A. The trade deficit will increase
Correct Answer B. The trade deficit will decrease
C. The trade deficit will remain unchanged
D. The effect on the trade deficit is uncertain
Correct Answer
B
Correct Option:
The trade deficit will decrease

About This Question

This is Post Utme Noun 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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