Post Utme Unilorin 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_UNILORIN • 2019 • ECONOMICS • objective

A country's balance of payments account is in equilibrium when the current account is equal to the capital account. Which of the following is a correct example of a transaction that would increase the current account?

Answer Options

A. A Nigerian citizen purchases a car from a foreign company
Correct Answer B. A foreign company purchases a car from a Nigerian citizen
C. A Nigerian citizen invests in a foreign company
D. A foreign company invests in a Nigerian company
Correct Answer
B
Correct Option:
A foreign company purchases a car from a Nigerian citizen

About This Question

This is Post Utme Unilorin 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Unilorin Economics examination.

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