Post Utme Futa 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2017 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where X is exports and M is imports. If the country's exports are ₦500 billion and its imports are ₦600 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦-100 billion
B. ₦0 billion
C. ₦100 billion
D. ₦200 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Futa 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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