Post Utme Ksu 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_KSU • 2021 • ECONOMICS • objective

The balance of payments (BOP) is a statistical statement that summarizes a country's economic transactions with the rest of the world over a specific period of time. If a country's current account deficit is ₦100 billion and its capital account surplus is ₦50 billion, what is the country's overall balance of payments deficit?

Answer Options

A. ₦50 billion
Correct Answer B. ₦100 billion
C. ₦150 billion
D. ₦200 billion
Correct Answer
B
Correct Option:
₦100 billion

About This Question

This is Post Utme Ksu 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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