Post Utme Unilorin 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice

Question 15 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

A country's balance of payments accounts record all its international transactions. If the country's current account is in deficit, what does this imply about the country's trade balance?

Answer Options

A. The country has a trade surplus.

Correct Answer B. The country has a trade deficit.

C. The country has a balance of trade.

D. The country has a trade deficit that is financed by foreign investment.

Correct Answer

Correct Option:

The country has a trade deficit.

About This Question

This is Post Utme Unilorin 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

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