Post Utme Bowen University 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million, a capital account surplus of $50 million, and a current account deficit of $20 million. What is the overall balance of payments position?

Answer Options

A. $30 million surplus
Correct Answer B. $30 million deficit
C. $50 million surplus
D. $50 million deficit
Correct Answer
B
Correct Option:
$30 million deficit

About This Question

This is Post Utme Bowen University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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