Post Utme Rsu 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_RSU • 2021 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is equal to the capital account. If the current account is ₦100 billion and the capital account is ₦120 billion, what is the equilibrium exchange rate?

Answer Options

A. ₦1.2
Correct Answer B. ₦1.5
C. ₦2.0
D. ₦2.5
Correct Answer
B
Correct Option:
₦1.5

About This Question

This is Post Utme Rsu 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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