Post Utme Al Hikmah University 2017 Economics Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2017 Economics Objective / Multiple Choice
Question 6 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account and capital account are balanced. Which of the following is a correct statement about the balance of payments?

Answer Options

A. The balance of payments is a statement of a country's international transactions over a specific period.
Correct Answer B. The balance of payments is a statement of a country's international transactions over a specific period, including current and capital account transactions.
C. The balance of payments is a statement of a country's international transactions over a specific period, including current account transactions only.
D. The balance of payments is a statement of a country's international transactions over a specific period, including capital account transactions only.
Correct Answer
B
Correct Option:
The balance of payments is a statement of a country's international transactions over a specific period, including current and capital account transactions.

About This Question

This is Post Utme Al Hikmah University 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Economics examination.

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