Post Utme Elizade University 2017 Commerce Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2017 Commerce Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2017 • COMMERCE • objective

A country's balance of payments (BOP) is given by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are valued at ₦100 billion and its imports are valued at ₦120 billion, what is the country's balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Elizade University 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Elizade University Commerce examination.

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