Post Utme Lasu 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_LASU • 2024 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $10 billion, a current account deficit of $5 billion, and a capital account surplus of $15 billion. What is the country's overall balance of payments position?

Answer Options

A. Surplus of $10 billion
B. Deficit of $5 billion
Correct Answer C. Surplus of $15 billion
D. Deficit of $20 billion
Correct Answer
C
Correct Option:
Surplus of $15 billion

About This Question

This is Post Utme Lasu 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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