Post Utme Abu 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Abu Economics examination.

Post Utme Abu 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_ABU • 2023 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. Which of the following is a characteristic of a country with a balance of payments equilibrium?

Answer Options

A. The country has a trade deficit.
Correct Answer B. The country has a trade surplus.
C. The country has a capital account surplus.
D. The country has a current account deficit.
Correct Answer
B
Correct Option:
The country has a trade surplus.

About This Question

This is Post Utme Abu 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Abu Economics examination.

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