Post Utme Babcock University 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice

Question 23 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

The balance of payments (BOP) is a statistical statement that summarizes a country's economic transactions with the rest of the world. What is the main purpose of the BOP?

Answer Options

A. To measure a country's economic growth

Correct Answer B. To analyze a country's trade deficit or surplus

C. To identify a country's main trading partners

D. To determine a country's exchange rate

Correct Answer

Correct Option:

To analyze a country's trade deficit or surplus

About This Question

This is Post Utme Babcock University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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