Post Utme Babcock University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Babcock University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.

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