Post Utme Uniben 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Uniben Economics examination.

Post Utme Uniben 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNIBEN • 2018 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is equal to its capital account. If the country's current account is in deficit by $100 million, and its capital account is in surplus by $200 million, what is the country's net foreign exchange position?

Answer Options

Correct Answer A. $100 million surplus
B. $100 million deficit
C. $200 million surplus
D. $200 million deficit
Correct Answer
A
Correct Option:
$100 million surplus

About This Question

This is Post Utme Uniben 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Uniben Economics examination.

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