Post Utme Summit University 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is equal to its capital account. What is the implication of this equilibrium on the country's exchange rate?

Answer Options

A. The exchange rate appreciates
B. The exchange rate depreciates
Correct Answer C. The exchange rate remains unchanged
D. The exchange rate becomes fixed
Correct Answer
C
Correct Option:
The exchange rate remains unchanged

About This Question

This is Post Utme Summit University 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.

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