Post Utme Al Hikmah University 2022 Economics Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice

Question 30 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's current account deficit is financed by foreign direct investment. What is the effect of this on the country's balance of payments?

Answer Options

A. The current account deficit increases.

Correct Answer B. The current account deficit decreases.

C. The current account deficit remains unchanged.

D. The current account surplus increases.

Correct Answer

Correct Option:

The current account deficit decreases.

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 30. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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