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What may result from a balance of payments trade surplus?

A.
The exchange rate appreciates and causes export prices to fall.
B.
The exchange rate appreciates and causes export prices to rise.
C.
The exchange rate depreciates and causes export prices to fall.
D.
The exchange rate depreciates and causes export prices to rise.
Economics
IGCSE&ALevel
CAIE
Exam No：0455_s21_qp_12 Year：2021 Question No：29

Answer:

B

Knowledge points:

6.4.3 consequences of current account deficit and surplus：Impact on GDP, employment, inflation and foreign exchange rate.

Solution:

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