Post Utme Futo 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_FUTO • 2025 • 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 $150 billion and the value of imports is $120 billion, what is the balance of payments?

Answer Options

Correct Answer A. $30 billion surplus
B. $30 billion deficit
C. $20 billion surplus
D. $20 billion deficit
Correct Answer
A
Correct Option:
$30 billion surplus

About This Question

This is Post Utme Futo 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

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