Solved

If Egypt Has a Chronic Unfavorable Balance of Trade, It

Question 133

Multiple Choice

If Egypt has a chronic unfavorable balance of trade, it will eventually lead to


A) the Egyptian government's decision to appreciate its currency (the pound)
B) the Egyptian government's decision to devalue its currency (the pound)
C) the Egyptian government's policy to create a favorable balance of payments
D) the Egyptian government's policy to create a favorable balance on current account
E) a negative balance of payments

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions