Post Utme Covenant University 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

The balance of payments accounts for a country are given by the following equations: CA = X - M, where CA is the current account balance, X is the exports, and M is the imports. If the country's exports are 100 billion naira and its imports are 150 billion naira, what is the current account balance?

Answer Options

Correct Answer A. -50 billion naira
B. 50 billion naira
C. 100 billion naira
D. 150 billion naira
Correct Answer
A
Correct Option:
-50 billion naira

About This Question

This is Post Utme Covenant University 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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