Post Utme Rhema University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2020 Economics Objective / Multiple Choice

Question 20 POST_UTME_RHEMA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments can be affected by changes in its exchange rate. If the country's exchange rate appreciates by 10%, what will happen to its trade balance?

Answer Options

A. It will improve

Correct Answer B. It will worsen

C. It will remain unchanged

D. It will increase

Correct Answer

Correct Option:

It will worsen

About This Question

This is Post Utme Rhema University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Rhema University Economics examination.

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