Post Utme Veritas University 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice

Question 33 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A country has a trade deficit of ₦100 billion and a current account deficit of ₦150 billion. What is the likely effect on the exchange rate?

Answer Options

A. The exchange rate will appreciate.

Correct Answer B. The exchange rate will depreciate.

C. The exchange rate will remain unchanged.

D. The exchange rate will fluctuate.

Correct Answer

Correct Option:

The exchange rate will depreciate.

About This Question

This is Post Utme Veritas University 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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