Post Utme Summit University 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Summit University Economics examination.

Post Utme Summit University 2017 Economics Objective / Multiple Choice

Question 5 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's trade balance is given by TB = X - M, where X is the value of exports and M is the value of imports. If the country's current account is in deficit, which of the following is a consequence?

Answer Options

A. The country has a trade surplus.

Correct Answer B. The country has a trade deficit.

C. The exchange rate is fixed.

D. The exchange rate is flexible.

Correct Answer

Correct Option:

The country has a trade deficit.

About This Question

This is Post Utme Summit University 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2017 Economics Questions More Post Utme Summit University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support