passwella.
Menu

WAEC Economics 2001 Question 46

Question 46

Balance of Payments and Exchange Rates

Balance of payments deficit can be corrected by

  1. A.purchasing foreign assets.
  2. B.accumulating foreign reserves.
  3. C.export promotion measures.
  4. D.import promotion measures.
Show the answer and explanation

Answer: C (export promotion measures.)

Explanation

Promoting exports earns more foreign exchange and reduces the deficit.