Post Utme Rsu 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) account is in equilibrium when its current account is equal to its capital account. If the country's current account is in deficit, what is the likely outcome for its capital account?

Answer Options

Correct Answer A. The capital account will be in surplus.
B. The capital account will be in deficit.
C. The capital account will be in equilibrium.
D. The capital account will be zero.
Correct Answer
A
Correct Option:
The capital account will be in surplus.

About This Question

This is Post Utme Rsu 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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