Post Utme Veritas University 2019 Commerce Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice

Question 9 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A country's balance of payments account shows a trade deficit of 100 million. What is the effect of this on the country's exchange rate?

Answer Options

A. Appreciation of the currency

Correct Answer B. Depreciation of the currency

C. No effect on the exchange rate

D. Increase in the exchange rate

Correct Answer

Correct Option:

Depreciation of the currency

About This Question

This is Post Utme Veritas University 2019 Commerce Question 9. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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