Post Utme Wellspring University 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion and a capital account surplus of ₦200 billion. What is the overall balance of payments position?

Answer Options

A. ₦300 billion deficit
Correct Answer B. ₦200 billion surplus
C. ₦500 billion deficit
D. ₦700 billion surplus
Correct Answer
B
Correct Option:
₦200 billion surplus

About This Question

This is Post Utme Wellspring University 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Wellspring University Economics examination.

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