JAMB Commerce 2007 Objective — Question 46
Question 46 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.
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The sale of foreign investment and gold reserves can be used to
- A. correct adverse balance of trade
- B. increase invisible imports
- C. correct a budget deficit
- D. correct adverse balance of paymentsCorrect
Explanation
Selling foreign investment and gold reserves is treated like an export; it is one way a country can correct an adverse balance of payments.
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