Post Utme Covenant University 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is given by the 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 and the value of imports is 80, what is the balance of payments?

Answer Options

Correct Answer A. -20
B. 10
C. 20
D. 30
Correct Answer
A
Correct Option:
-20

About This Question

This is Post Utme Covenant University 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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