Post Utme Achievers University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) accounts show the following transactions: Exports: ₦100,000, Imports: ₦150,000, Foreign Direct Investment (FDI): ₦20,000. Calculate the current account balance (CAB) and the capital account balance (KAB).

Answer Options

Correct Answer A. CAB = ₦-50,000, KAB = ₦20,000
B. CAB = ₦50,000, KAB = ₦20,000
C. CAB = ₦-50,000, KAB = ₦-20,000
D. CAB = ₦50,000, KAB = ₦-20,000
Correct Answer
A
Correct Option:
CAB = ₦-50,000, KAB = ₦20,000

About This Question

This is Post Utme Achievers University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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