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Thursday, 30 April 2026
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Balance of payments problem can be corrected through

Balance of payments problem can be corrected through
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Increasing foreign reserves
  • B Increasing domestic borrowing
  • C Import promotion strategies
  • D Export promotion strategies
Correct Answer: Option D
Explanation:
Ballance of payment problems can be corrected by Export Promotion strategy. This strategies are aimed at promoting the industries that have potential for developing and competing with foreign rivals.

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