Post Utme Unilorin 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice

Question 22 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion. What is the effect on the country's exchange rate?

Answer Options

A. The exchange rate appreciates

Correct Answer B. The exchange rate depreciates

C. The exchange rate remains the same

D. The exchange rate fluctuates

Correct Answer

Correct Option:

The exchange rate depreciates

About This Question

This is Post Utme Unilorin 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

View More Post Utme Unilorin 2018 Economics Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support