Economics
NECO 2009
When the value of a country’s export exceeds her imports, there will be a
-
A.
deficit current account
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B.
excess visible imports only
-
C.
favorable balance of trade
-
D.
favourable capital account
-
E.
surplus current account
Correct Answer: Option C
Explanation
A favorable balance of trade occurs when a country's value of commodity exports exceeds the value of commodity imports.
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