Post Utme Ims U 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Ims U Economics examination.

Post Utme Ims U 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2018 • 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 country's exports are ₦100 and its imports are ₦80, find the balance of payments.

Answer Options

Correct Answer A. ₦20
B. ₦30
C. ₦40
D. ₦50
Correct Answer
A
Correct Option:
₦20

About This Question

This is Post Utme Ims U 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Ims U Economics examination.

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