Post Utme Uniben 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Uniben Economics examination.

Post Utme Uniben 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIBEN • 2025 • ECONOMICS • objective

A country's balance of payments is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period of time. Which of the following is a correct statement about the balance of payments?

Answer Options

A. The balance of payments is a measure of a country's economic performance.
Correct Answer B. The balance of payments is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period of time.
C. The balance of payments is a measure of a country's trade deficit or surplus.
D. The balance of payments is a measure of a country's economic growth.
Correct Answer
B
Correct Option:
The balance of payments is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period of time.

About This Question

This is Post Utme Uniben 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Uniben Economics examination.

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