Post Utme Joseph Ayo Babalola University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is in surplus by ₦100 billion and its capital account is in deficit by ₦50 billion. What is the overall balance of payments position?

Answer Options

Correct Answer A. Surplus of ₦50 billion
B. Deficit of ₦50 billion
C. Surplus of ₦100 billion
D. Deficit of ₦100 billion
Correct Answer
A
Correct Option:
Surplus of ₦50 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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