Post Utme Coal City University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦100 billion, imports are ₦80 billion, foreign investment is ₦20 billion, and domestic investment is ₦30 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦10 billion deficit
C. ₦30 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Coal City University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Coal City 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