Post Utme Unilag 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A country is experiencing a trade deficit due to a decrease in exports and an increase in imports. What is the likely effect on the country's currency?

Answer Options

A. The currency will appreciate.
Correct Answer B. The currency will depreciate.
C. The currency will remain unchanged.
D. The effect on the currency will be ambiguous.
Correct Answer
B
Correct Option:
The currency will depreciate.

About This Question

This is Post Utme Unilag 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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