Post Utme Elizade University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦100 billion, imports are ₦80 billion, foreign investment is ₦20 billion, and domestic investment is ₦30 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Elizade University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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