Post Utme Uniosun 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is equal to its capital account. What is the implication of this equilibrium for the country's exchange rate?

Answer Options

A. The exchange rate will appreciate
B. The exchange rate will depreciate
Correct Answer C. The exchange rate will remain cons\tant
D. The exchange rate will fluctuate
Correct Answer
C
Correct Option:
The exchange rate will remain cons\tant

About This Question

This is Post Utme Uniosun 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

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