Post Utme Lead City University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice

Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

A. ₦50 billion surplus

Correct Answer B. ₦0 billion

C. ₦50 billion deficit

D. ₦100 billion deficit

Correct Answer

Correct Option:

₦0 billion

About This Question

This is Post Utme Lead City University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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