Post Utme Ims U 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M. If the country's exports (X) are ₦100 billion and imports (M) are ₦80 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Ims U 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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