Post Utme Wellspring University 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are in equilibrium when the current account is equal to the capital account. 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 will be in surplus.
B. The capital account will be in deficit.
C. The capital account will be in equilibrium.
D. The capital account will be in surplus, but the current account will be in equilibrium.
Correct Answer
A
Correct Option:
The capital account will be in surplus.

About This Question

This is Post Utme Wellspring University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Wellspring University Economics examination.

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