Post Utme Ims U 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2019 • 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, what is the 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 Ims U 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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