Post Utme Veritas University 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice

Question 31 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the current account and capital account are balanced. If the country's current account is in deficit, what is the implication for the capital account?

Answer Options

Correct Answer A. The capital account must be in surplus.

B. The capital account must be in deficit.

C. The capital account must be balanced.

D. The capital account is irrelevant.

Correct Answer

Correct Option:

The capital account must be in surplus.

About This Question

This is Post Utme Veritas University 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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