Post Utme Christopher University 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports (X) are ₦100 billion, imports (M) are ₦80 billion, foreign investment (F) is ₦20 billion, and domestic investment (I) is ₦15 billion, what is the balance of payments?

Answer Options

A. ₦5 billion
Correct Answer B. ₦10 billion
C. ₦15 billion
D. ₦20 billion
Correct Answer
B
Correct Option:
₦10 billion

About This Question

This is Post Utme Christopher University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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