Post Utme Unilag 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Unilag Economics examination.

Post Utme Unilag 2020 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNILAG • 2020 • ECONOMICS • objective

A country's balance of payments (BOP) accounts record all transactions between its residents and non-residents. If a country's residents purchase foreign currency to pay for imports, what will be the effect on the country's BOP?

Answer Options

A. The country's BOP will improve.
Correct Answer B. The country's BOP will worsen.
C. The country's BOP will remain unchanged.
D. The country's BOP will improve, but only if the country's exports increase by a greater amount.
Correct Answer
B
Correct Option:
The country's BOP will worsen.

About This Question

This is Post Utme Unilag 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Unilag Economics examination.

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