Post Utme Unilag 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice

Question 29 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

A country is experiencing a trade deficit due to an increase in imports. If the country's exchange rate is fixed, what will happen to its balance of payments?

Answer Options

A. The balance of payments will improve

Correct Answer B. The balance of payments will worsen

C. The balance of payments will remain the same

D. The country will experience a trade surplus

Correct Answer

Correct Option:

The balance of payments will worsen

About This Question

This is Post Utme Unilag 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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