Post Utme Covenant University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is 100 and the value of imports is 80, what is the balance of payments?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Covenant University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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