Post Utme Ui 2019 Economics Question 31

Practice objective / multiple choice question 31 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice

Question 31 POST_UTME_UI • 2019 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account and capital account are equal. Which of the following is a correct statement about the balance of payments?

A. The balance of payments is always in equilibrium.

B. The balance of payments is never in equilibrium.

C. The balance of payments is in equilibrium when the current account and capital account are not equal.

Correct Answer D. The balance of payments is in equilibrium when the current account is greater than the capital account.

Correct Answer

Correct Option:

The balance of payments is in equilibrium when the current account is greater than the capital account.

This is Post Utme Ui 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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