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The record of a country's transactions in international trade is her

Economics
JAMB 2011

The record of a country's transactions in international trade is her

  • A. capital account
  • B. balance of payments
  • C. current account
  • D. balance of trade
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Correct Answer: Option B
Explanation

The balance of payments (BOP) is a statement of all transactions made between a country with the rest of the world over a defined period of time.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts