Post Utme Nile University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is balanced and the capital account is also balanced. Which of the following is a correct statement about the balance of payments?

Answer Options

A. The balance of payments is a statement of a country's international transactions over a specific period of time.
Correct Answer B. The balance of payments is a statement of a country's international transactions over a specific period of time, and it includes the current account and the capital account.
C. The balance of payments is a statement of a country's international transactions over a specific period of time, and it includes the current account but not the capital account.
D. The balance of payments is a statement of a country's international transactions over a specific period of time, and it includes the capital account but not the current account.
Correct Answer
B
Correct Option:
The balance of payments is a statement of a country's international transactions over a specific period of time, and it includes the current account and the capital account.

About This Question

This is Post Utme Nile University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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