Post Utme Rhema University 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

In the context of home and foreign trade, what is the primary function of the Balance of Payments (BOP) account?

Answer Options

Correct Answer A. To record the flow of goods and services between a country and its trading partners
B. To calculate the value of a country's exports and imports
C. To measure the balance between a country's income and expenditure
D. To determine the value of a country's currency in relation to other currencies
Correct Answer
A
Correct Option:
To record the flow of goods and services between a country and its trading partners

About This Question

This is Post Utme Rhema University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

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