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Short-term deficits in the current account of the balance of payments can be financed by...

Economics
WAEC 2024

Short-term deficits in the current account of the balance of payments can be financed by balancing with the 

  • A. invisible account.
  • B. capital account.
  • C. visible account.
  • D. national income account.
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Correct Answer: Option C
Explanation

C: The visible account balance can help balance the deficit in the invisible (current) account and vice versa.

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WAEC and NECO CBT App for Mobile Devices - 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
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