Question 33
POST_UTME_NILE_UNIVERSITY
•
2019
•
ECONOMICS
•
objective
A country's balance of payments is in equilibrium when the current account is equal to the capital account. Explain the concept of the balance of payments and how it is used to determine the equilibrium of the balance of payments.
Answer Options
A.
The balance of payments is a statistical statement that summarizes a country's international transactions over a specific period of time.
B.
The balance of payments is a statistical statement that summarizes a country's domestic transactions over a specific period of time.
Correct Answer
C.
The balance of payments is a statistical statement that summarizes a country's international transactions over a specific period of time, and is used to determine the equilibrium of the balance of payments.
D.
The balance of payments is a statistical statement that summarizes a country's domestic transactions over a specific period of time, and is used to determine the equilibrium of the balance of payments.
Correct Answer
C
Correct Option:
The balance of payments is a statistical statement that summarizes a country's international transactions over a specific period of time, and is used to determine the equilibrium of the balance of payments.
About This Question
This is
Post Utme Nile University
2019
Economics
Question 33.
It is one of the
objective
questions from the
2019
Post Utme Nile University
Economics
examination.