Post Utme Veritas University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) accounts show a trade deficit of $100 billion and a capital account surplus of $50 billion. What is the overall balance of payments position of the country?

Answer Options

A. The country has a trade deficit of $50 billion.
B. The country has a trade surplus of $50 billion.
C. The country has a balance of payments deficit of $50 billion.
Correct Answer D. The country has a balance of payments surplus of $50 billion.
Correct Answer
D
Correct Option:
The country has a balance of payments surplus of $50 billion.

About This Question

This is Post Utme Veritas University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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