Post Utme Elizade University 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 29 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments 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 ₦100 billion and its imports are ₦120 billion, what is the balance of payments?

Answer Options

A. ( 20 )
Correct Answer B. ( 30 )
C. ( 40 )
D. ( 50 )
Correct Answer
B
Correct Option:
( 30 )

About This Question

This is Post Utme Elizade University 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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