Post Utme Osustech 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 28 POST_UTME_OSUSTECH • 2018 • 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 surplus is $100 million and its capital account deficit is $50 million, what is the net effect on the country's balance of payments?

Answer Options

Correct Answer A. The balance of payments will improve.
B. The balance of payments will deteriorate.
C. The balance of payments will remain unchanged.
D. The balance of payments will fluctuate.
Correct Answer
A
Correct Option:
The balance of payments will improve.

About This Question

This is Post Utme Osustech 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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