Post Utme Covenant University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_COVENANT_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 (X) are ₦1000, imports (M) are ₦800, foreign investment (F) is ₦500, and domestic investment (I) is ₦200, what is the balance of payments?

Answer Options

A. ₦300
B. ₦400
Correct Answer C. ₦500
D. ₦600
Correct Answer
C
Correct Option:
₦500

About This Question

This is Post Utme Covenant University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.

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