Post Utme Joseph Ayo Babalola University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice

Question 17 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments (BOP) account is in equilibrium when the current account is equal to the capital account. If the country's current account is in deficit, what will be the effect on its capital account?

Answer Options

A. The capital account will increase.

Correct Answer B. The capital account will decrease.

C. The capital account will remain unchanged.

D. The capital account will experience a surplus.

Correct Answer

Correct Option:

The capital account will decrease.

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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