Post Utme Covenant University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

The balance of payments (BOP) of a country is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period. What is the primary purpose of the BOP?

Answer Options

A. To measure the country's economic growth
Correct Answer B. To measure the country's trade deficit or surplus
C. To measure the country's foreign exchange reserves
D. To measure the country's economic stability
Correct Answer
B
Correct Option:
To measure the country's trade deficit or surplus

About This Question

This is Post Utme Covenant University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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