Post Utme Joseph Ayo Babalola University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • 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?

Answer Options

A. The balance of payments is in equilibrium when the current account is greater than the capital account.
Correct Answer B. The balance of payments is in equilibrium when the current account is equal to the capital account.
C. The balance of payments is in equilibrium when the current account is less than the capital account.
D. The balance of payments is in equilibrium when the current account is equal to the trade account.
Correct Answer
B
Correct Option:
The balance of payments is in equilibrium when the current account is equal to the capital account.

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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