Post Utme Uniben 2024 Economics Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) is in surplus, indicating that it has a trade surplus. What is the implication of this on the country's exchange rate?

Answer Options

Correct Answer A. The exchange rate will appreciate
B. The exchange rate will depreciate
C. The exchange rate will remain stable
D. The exchange rate will fluctuate
Correct Answer
A
Correct Option:
The exchange rate will appreciate

About This Question

This is Post Utme Uniben 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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