Post Utme Christopher University 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M + F - I. If the country's exports (X) are ₦500 billion, imports (M) are ₦300 billion, foreign aid (F) is ₦200 billion, and investment (I) is ₦100 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦200,000,000,000
B. ₦300,000,000,000
C. ₦400,000,000,000
D. ₦500,000,000,000
Correct Answer
A
Correct Option:
₦200,000,000,000

About This Question

This is Post Utme Christopher University 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support