Post Utme Ui 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_UI • 2019 • ECONOMICS • objective

A country's balance of payments account is in equilibrium when the current account is equal to the capital account. If the country's current account is in deficit by ₦100 billion and the capital account is in surplus by ₦50 billion, what is the net effect on the country's balance of payments?

Answer Options

A. ₦50 billion surplus
B. ₦50 billion deficit
C. ₦100 billion surplus
Correct Answer D. ₦100 billion deficit
Correct Answer
D
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Ui 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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