Post Utme Joseph Ayo Babalola University 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. Which of the following statements is true about the balance of payments?

Answer Options

A. The balance of payments is always in equilibrium.
B. The balance of payments is never in equilibrium.
Correct Answer C. The balance of payments is in equilibrium when the current account is balanced.
D. The balance of payments is in equilibrium when the capital account is balanced.
Correct Answer
C
Correct Option:
The balance of payments is in equilibrium when the current account is balanced.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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