WAEC Economics 2024 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.
Advertisement
47. 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.Correct
- D. national income account.
Explanation
The visible account balance can help balance a deficit in the invisible (current) account, and vice versa.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.