Post Utme Coal City University 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

Consider a small open economy with a trade balance of -100, a current account balance of -50, and a capital account balance of 50. What is the country's overall balance of payments position?

Answer Options

A. Current account deficit of 50
B. Capital account surplus of 50
C. Trade balance deficit of 100
Correct Answer D. Overall balance of payments deficit of 50
Correct Answer
D
Correct Option:
Overall balance of payments deficit of 50

About This Question

This is Post Utme Coal City University 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.

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