Post Utme Mountain Top University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion and a capital account surplus of ₦200 billion. What is the net effect on the country's balance of payments?

Answer Options

Correct Answer A. ₦300 billion surplus
B. ₦200 billion deficit
C. ₦500 billion deficit
D. ₦700 billion surplus
Correct Answer
A
Correct Option:
₦300 billion surplus

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

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