Question 14
POST_UTME_LASU
•
2019
•
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. Explain the concept of BOP and its impor\tance in the economy.
Answer Options
Correct Answer
A.
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.
B.
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, excluding the value of imports and exports.
C.
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, including the value of imports and exports.
D.
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, excluding the value of imports and exports, and including the value of intermediate goods and services.
Correct Answer
A
Correct Option:
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.
About This Question
This is
Post Utme Lasu
2019
Economics
Question 14.
It is one of the
objective
questions from the
2019
Post Utme Lasu
Economics
examination.