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When the demand for foreign exchange exceeds its supply, the value of the domestic currency

Economics
NECO 2009
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
  • A. appreciates
  • B. depreciates
  • C. expands
  • D. Increases
  • E. inflates
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Correct Answer: Option B
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts