Post Utme Futa 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦20,000,000,000
B. ₦30,000,000,000
C. ₦40,000,000,000
D. ₦50,000,000,000
Correct Answer
A
Correct Option:
₦20,000,000,000

About This Question

This is Post Utme Futa 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support