Post Utme Skyline University 2017 Economics Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) is a statistical statement that summarizes all economic transactions between a country and the rest of the world over a specific period of time. What is the main purpose of the BOP?

Answer Options

A. To measure a country's economic growth.
Correct Answer B. To measure a country's trade deficit or surplus.
C. To measure a country's foreign exchange reserves.
D. To measure a country's overall economic well-being.
Correct Answer
B
Correct Option:
To measure a country's trade deficit or surplus.

About This Question

This is Post Utme Skyline University 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

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