Post Utme Ims U 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice

Question 3 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is equal to the capital account. Which of the following is a correct statement about the balance of payments?

Correct Answer A. The current account is always equal to the capital account

B. The current account is always greater than the capital account

C. The capital account is always greater than the current account

D. The balance of payments is always in equilibrium

Correct Answer

Correct Option:

The current account is always equal to the capital account

This is Post Utme Ims U 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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