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Friday, 03 April 2026
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When a nation is experiencing balance of payment surplus, it is in a better position to?

When a nation is experiencing balance of payment surplus, it is in a better position to?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Increase its foreign exchange reserves
  • B Increase its liabilities to foreigners
  • C Reduce its foreign exchange reserves
  • D Devalue its national currency
Correct Answer: Option A
Explanation:

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