Post Utme Caleb University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are given by the following equation: BOP = X - M. If the country's exports (X) are ₦100 billion and imports (M) are ₦80 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦20 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Caleb University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Caleb University Economics examination.

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