Post Utme Unilorin 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A country has a trade deficit of $100 million and a current account deficit of $50 million. Which of the following is a likely consequence of this situation?

Answer Options

A. A decrease in the value of the country's currency
B. An increase in the value of the country's currency
Correct Answer C. A decrease in the country's foreign exchange reserves
D. An increase in the country's foreign exchange reserves
Correct Answer
C
Correct Option:
A decrease in the country's foreign exchange reserves

About This Question

This is Post Utme Unilorin 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.

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