Post Utme Covenant University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is exports and M is imports. If the country's exports are ₦500 billion and its imports are ₦600 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦-100 billion
B. ₦100 billion
C. ₦500 billion
D. ₦600 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Covenant University 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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