Post Utme Oau 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_OAU • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are as follows:\n\nCurrent Account: ₦100 billion (exports) - ₦80 billion (imports) = ₦20 billion\nCapital Account: ₦30 billion (inflows) - ₦20 billion (outflows) = ₦10 billion\n\nDetermine the country's overall BOP balance.

Answer Options

Correct Answer A. ₦30 billion surplus
B. ₦20 billion surplus
C. ₦10 billion deficit
D. ₦30 billion deficit
Correct Answer
A
Correct Option:
₦30 billion surplus

About This Question

This is Post Utme Oau 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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