Post Utme Elizade University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments account is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦1000 and imports are ₦800, what is the balance of payments?

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Elizade University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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