Post Utme Futo 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Futo Economics examination.

Post Utme Futo 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2022 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦80 billion, find the balance of payments.

Answer Options

Correct Answer A. ₦20 billion
B. ₦40 billion
C. ₦60 billion
D. ₦80 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Futo 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.

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