WAEC Economics 2019 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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One measure for financing a country's balance of payments deficit is through
- A. export diversification
- B. import substitution
- C. short term borrowing from IMFCorrect
- D. internal borrowing from commercial banks
Explanation
Short-term borrowing from the IMF acts like an inflow of income that can be used directly to finance/correct a balance of payments deficit.
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