Post Utme Futo 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦10 billion surplus
B. ₦20 billion deficit
C. ₦30 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦10 billion surplus

About This Question

This is Post Utme Futo 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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