Post Utme Achievers University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the exports, and M is the imports. If the country's exports are ₦100 billion and the imports are ₦120 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion
B. ₦40 billion
C. ₦60 billion
D. ₦80 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Achievers University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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