Post Utme Mountain Top University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) is in equilibrium when the current account (CA) is equal to the capital account (KA). If the country's CA is ₦1,000,000,000 and the KA is ₦500,000,000, what is the country's net foreign exchange earnings?

Answer Options

Correct Answer A. ₦500,000,000
B. ₦1,000,000,000
C. ₦1,500,000,000
D. ₦2,000,000,000
Correct Answer
A
Correct Option:
₦500,000,000

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

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