Post Utme Unilag 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

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

Answer Options

A. The balance of payments is a statement of a country's international transactions over a specific period.
Correct Answer B. The balance of payments is a statement of a country's international transactions over a specific period, including current and capital accounts.
C. The balance of payments is a statement of a country's international transactions over a specific period, including current and capital accounts, and net errors and omissions.
D. The balance of payments is a statement of a country's international transactions over a specific period, including current and capital accounts, and net errors and omissions, and reserve assets.
Correct Answer
B
Correct Option:
The balance of payments is a statement of a country's international transactions over a specific period, including current and capital accounts.

About This Question

This is Post Utme Unilag 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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