JAMB Commerce 2011 Objective — Question 11

Question 11 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

Balance of payment problem arise if a country's

A. A. imports is more than exportsCorrect
B. B. exports is more than imports
C. C. currency is devalued
D. D. invisible exports is more than visible exports

Explanation

Unfavourable balance of payment is the situation in which the total amount paid for imports is greater than the total received from export.

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