Post Utme Ui 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Ui Economics examination.

Post Utme Ui 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_UI • 2025 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. If the country's exchange rate is fixed at 1 USD = 100 Naira, what will be the effect on the value of the Naira?

Answer Options

A. The value of the Naira will appreciate by 10%
Correct Answer B. The value of the Naira will depreciate by 10%
C. The value of the Naira will remain unchanged
D. The value of the Naira will appreciate by 20%
Correct Answer
B
Correct Option:
The value of the Naira will depreciate by 10%

About This Question

This is Post Utme Ui 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Ui Economics examination.

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