Post Utme Elizade University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments (BOP) is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period of time. The BOP can be broken down into three main components: the current account, the capital account, and the financial account. What is the primary purpose of the current account in the BOP?

Answer Options

Correct Answer A. To record all transactions that involve the exchange of goods and services between residents and non-residents.
B. To record all transactions that involve the exchange of capital between residents and non-residents.
C. To record all transactions that involve the exchange of financial assets between residents and non-residents.
D. To record all transactions that involve the exchange of goods and services between residents and non-residents, as well as the exchange of capital and financial assets.
Correct Answer
A
Correct Option:
To record all transactions that involve the exchange of goods and services between residents and non-residents.

About This Question

This is Post Utme Elizade University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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