Post Utme Futo 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) can be calculated u\sing the formula: BOP = X - M, where X is exports and M is imports. If a country's exports are ₦50 billion and its imports are ₦60 billion, what is the value of its balance of payments?

Answer Options

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

About This Question

This is Post Utme Futo 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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