Post Utme Oau 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Oau Economics examination.

Post Utme Oau 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_OAU • 2019 • ECONOMICS • objective

The balance of payments (BOP) of a country is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period of time. What is the main purpose of the BOP?

Answer Options

A. To measure the country's economic growth
B. To measure the country's trade deficit
C. To measure the country's foreign exchange reserves
Correct Answer D. To measure the country's economic transactions with non-residents
Correct Answer
D
Correct Option:
To measure the country's economic transactions with non-residents

About This Question

This is Post Utme Oau 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Oau Economics examination.

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