Post Utme Summit University 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice
Question 3 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. Which of the following is a consequence of this equilibrium?

Answer Options

A. The exchange rate is fixed.
Correct Answer B. The exchange rate is flexible.
C. The country has a trade surplus.
D. The country has a trade deficit.
Correct Answer
B
Correct Option:
The exchange rate is flexible.

About This Question

This is Post Utme Summit University 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.

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