Post Utme Rhema University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) is in equilibrium when the current account (CA) is equal to the capital account (KA). If the country's CA is ₦100 billion and its KA is ₦50 billion, what is the country's net foreign exchange earnings?

Answer Options

Correct Answer A. ₦50 billion
B. ₦75 billion
C. ₦100 billion
D. ₦125 billion
Correct Answer
A
Correct Option:
₦50 billion

About This Question

This is Post Utme Rhema University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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