Post Utme Caleb University 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are in equilibrium when the current account and capital account are equal. Which of the following statements is TRUE?

Answer Options

A. The country is experiencing a trade deficit.
B. The country is experiencing a trade surplus.
Correct Answer C. The country's BOP accounts are in equilibrium.
D. The country's BOP accounts are in disequilibrium.
Correct Answer
C
Correct Option:
The country's BOP accounts are in equilibrium.

About This Question

This is Post Utme Caleb University 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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