Post Utme Igbinedion University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • 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 ₦1,500 and the value of imports is ₦1,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦500
B. ₦1,000
C. ₦1,500
D. ₦2,000
Correct Answer
A
Correct Option:
₦500

About This Question

This is Post Utme Igbinedion University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.

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