Post Utme Bsu 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2020 • ECONOMICS • objective

A country's balance of payments account is given by the following 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 million and the value of imports is $120 million, what is the balance of payments?

Answer Options

Correct Answer A. -20 million
B. 0 million
C. 20 million
D. 40 million
Correct Answer
A
Correct Option:
-20 million

About This Question

This is Post Utme Bsu 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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