Post Utme Noun 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is equal to its capital account. If the country's current account is a deficit of ₦5 billion and its capital account is a surplus of ₦3 billion, what is the country's net capital outflow?

Answer Options

Correct Answer A. ₦2 billion
B. ₦3 billion
C. ₦4 billion
D. ₦5 billion
Correct Answer
A
Correct Option:
₦2 billion

About This Question

This is Post Utme Noun 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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