Post Utme Uniosun 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIOSUN • 2023 • ECONOMICS • objective

A country's balance of payments is in equilibrium. If the country experiences a 10% increase in exports, and the exchange rate remains cons\tant, what is the likely effect on the country's balance of payments?

Answer Options

Correct Answer A. The current account will improve
B. The current account will worsen
C. The capital account will improve
D. The balance of payments will remain unchanged
Correct Answer
A
Correct Option:
The current account will improve

About This Question

This is Post Utme Uniosun 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.

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