Post Utme Unilag 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Unilag Commerce examination.

Post Utme Unilag 2017 Commerce Objective / Multiple Choice

Question 34 POST_UTME_UNILAG • 2017 • COMMERCE • objective

A country is experiencing a trade deficit, which means that it is importing more goods and services than it is exporting. What is the likely effect of this on the country's currency?

A. The value of the currency will increase

Correct Answer B. The value of the currency will decrease

C. The value of the currency will remain the same

D. The value of the currency will fluctuate

Correct Answer

Correct Option:

The value of the currency will decrease

This is Post Utme Unilag 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Unilag Commerce examination.

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