Post Utme Bowen University 2018 Economics Question 19

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

Post Utme Bowen University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

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

About This Question

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

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