Post Utme Unn 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_UNN • 2024 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is balanced and the capital account is also balanced. Which of the following statements is true about the balance of payments equilibrium?

Answer Options

A. The country's exchange rate is fixed.
Correct Answer B. The country's exchange rate is flexible.
C. The country's trade deficit is zero.
D. The country's trade surplus is zero.
Correct Answer
B
Correct Option:
The country's exchange rate is flexible.

About This Question

This is Post Utme Unn 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

View More Post Utme Unn 2024 Economics Questions More Post Utme Unn 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