Post Utme Covenant University 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is exports, and M is imports. If the country's exports are ₦1,500 and imports are ₦1,200, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Covenant University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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