Post Utme Eksu 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports (X) are ₦100 billion and its imports (M) are ₦80 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦20 billion
B. ₦10 billion
C. ₦5 billion
D. ₦0 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Eksu 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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