Post Utme Veritas University 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments (BOP) is in equilibrium when the current account and capital account are balanced. If the current account is in deficit by $100 million and the capital account is in surplus by $150 million, what is the value of the BOP?

Answer Options

Correct Answer A. Surplus of $50 million
B. Deficit of $50 million
C. Surplus of $100 million
D. Deficit of $150 million
Correct Answer
A
Correct Option:
Surplus of $50 million

About This Question

This is Post Utme Veritas University 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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