Post Utme Covenant University 2022 Economics Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 12 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. If a country's current account deficit is $100 million and its capital account surplus is $150 million, what is the balance of payments deficit?

Answer Options

A. $50 million
Correct Answer B. $100 million
C. $150 million
D. $200 million
Correct Answer
B
Correct Option:
$100 million

About This Question

This is Post Utme Covenant University 2022 Economics Question 12. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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