Post Utme Uniben 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account is equal to the capital account. If the current account is -₦500 billion and the capital account is ₦200 billion, what is the net change in the country's foreign exchange reserves?

Answer Options

Correct Answer A. +₦300 billion
B. +₦700 billion
C. +₦1.1 trillion
D. +₦1.5 trillion
Correct Answer
A
Correct Option:
+₦300 billion

About This Question

This is Post Utme Uniben 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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