Post Utme Al Hikmah University 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are 100 billion naira and its imports are 80 billion naira, what is the country's balance of payments?

Answer Options

Correct Answer A. 10 billion naira
B. 20 billion naira
C. 30 billion naira
D. 40 billion naira
Correct Answer
A
Correct Option:
10 billion naira

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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