Post Utme Summit University 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A country is experiencing a trade deficit due to a high demand for imports. Which of the following policies would help to reduce the trade deficit?

Answer Options

A. Increase the value of the currency
Correct Answer B. Decrease the value of the currency
C. Increase the price of imports
D. Decrease the price of imports
Correct Answer
B
Correct Option:
Decrease the value of the currency

About This Question

This is Post Utme Summit University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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