Post Utme Babcock University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice

Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) accounts can be in equilibrium even if its current account is not in equilibrium. Explain.

Answer Options

A. The country is experiencing a trade deficit.

B. The country is experiencing a trade surplus.

Correct Answer C. The country's capital account is offsetting the current account deficit.

D. The country's current account is in equilibrium.

Correct Answer

Correct Option:

The country's capital account is offsetting the current account deficit.

About This Question

This is Post Utme Babcock University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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