Post Utme Futo 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \). If the country's exports (X) are ₦100 billion, imports (M) are ₦80 billion, investment (I) is ₦50 billion and savings (S) 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 Futo 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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