Post Utme Covenant University 2017 Economics Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M + \( F - I \), where X is exports, M is imports, F is foreign aid, and I is investment. If the country's BOP is ₦10 billion, X = ₦20 billion, M = ₦15 billion, F = ₦5 billion, and I = ₦10 billion, what is the value of F?

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 Covenant University 2017 Economics Question 9. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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