Post Utme Joseph Ayo Babalola University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦100 billion and a current account deficit of ₦50 billion. If the country's foreign exchange reserves are ₦200 billion, calculate the country's net foreign assets.

Answer Options

Correct Answer A. ₦150 billion
B. ₦100 billion
C. ₦50 billion
D. ₦0 billion
Correct Answer
A
Correct Option:
₦150 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

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