Post Utme Coal City University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the following equation: BOP = X - M, where 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. -10 million
C. 10 million
D. 20 million
Correct Answer
A
Correct Option:
-20 million

About This Question

This is Post Utme Coal City University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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