Post Utme Noun 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Noun Economics examination.

Post Utme Noun 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_NOUN • 2018 • ECONOMICS • objective

The balance of payments (BOP) is a statistical statement that summarizes a country's economic transactions with the rest of the world over a specific period of time. The BOP is divided into three main components: the current account, the capital account, and the financial account. Which of the following statements best describes the current account?

Answer Options

A. The current account includes transactions related to the exchange of goods and services between a country and the rest of the world.
B. The current account includes transactions related to the exchange of capital and financial assets between a country and the rest of the world.
Correct Answer C. The current account includes transactions related to the exchange of goods, services, and income between a country and the rest of the world.
D. The current account includes transactions related to the exchange of capital, financial assets, and income between a country and the rest of the world.
Correct Answer
C
Correct Option:
The current account includes transactions related to the exchange of goods, services, and income between a country and the rest of the world.

About This Question

This is Post Utme Noun 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Noun Economics examination.

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