Post Utme Joseph Ayo Babalola University 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. If the current account is in deficit by $100 million and the capital account is in surplus by $150 million, what is the overall balance of payments?

Answer Options

Correct Answer A. \( \text{Surplus of } $50 \text{ million} \)
B. \( \text{Deficit of } $50 \text{ million} \)
C. \( \text{Surplus of } $100 \text{ million} \)
D. \( \text{Deficit of } $150 \text{ million} \)
Correct Answer
A
Correct Option:
\( \text{Surplus of } $50 \text{ million} \)

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

View More Post Utme Joseph Ayo Babalola University 2022 Economics Questions More Post Utme Joseph Ayo Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support