Post Utme Futo 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following equation: \( BOP = X - M + F - C \). If the country's exports are ₦100 billion, imports are ₦80 billion, foreign investment is ₦20 billion, and consumption is ₦60 billion, what is the country's balance of payments?

Answer Options

A. ₦40 billion
Correct Answer B. ₦60 billion
C. ₦80 billion
D. ₦100 billion
Correct Answer
B
Correct Option:
₦60 billion

About This Question

This is Post Utme Futo 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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