Question 28
POST_UTME_DELSU
•
2021
•
ECONOMICS
•
objective
A country's balance of payments account is given by the following equation: BOP = X - M + F - I. Explain the significance of each component of the equation.
Answer Options
Correct Answer
A.
X represents the value of exports, M represents the value of imports, F represents the value of foreign investment, and I represents the value of interest payments.
B.
X represents the value of imports, M represents the value of exports, F represents the value of foreign investment, and I represents the value of interest payments.
C.
X represents the value of exports, M represents the value of foreign investment, F represents the value of interest payments, and I represents the value of imports.
D.
X represents the value of imports, M represents the value of foreign investment, F represents the value of interest payments, and I represents the value of exports.
Correct Answer
A
Correct Option:
X represents the value of exports, M represents the value of imports, F represents the value of foreign investment, and I represents the value of interest payments.
About This Question
This is
Post Utme Delsu
2021
Economics
Question 28.
It is one of the
objective
questions from the
2021
Post Utme Delsu
Economics
examination.