Post Utme Covenant University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's trade balance is given by the following equation: Trade Balance = \( X - M \) + \( F - I \). If X = ₦100 billion, M = ₦80 billion, F = ₦20 billion, and I = ₦15 billion, what is the trade balance?

Answer Options

Correct Answer A. ₦5 billion
B. ₦10 billion
C. ₦15 billion
D. ₦20 billion
Correct Answer
A
Correct Option:
₦5 billion

About This Question

This is Post Utme Covenant University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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