Post Utme Veritas University 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments is said to be in equilibrium when the value of its imports equals the value of its exports. This is an example of which of the following?

Answer Options

A. Trade deficit
Correct Answer B. Trade surplus
C. Current account deficit
D. Current account surplus
Correct Answer
B
Correct Option:
Trade surplus

About This Question

This is Post Utme Veritas University 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.

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