Post Utme Lautech 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M. If the country's exports are ₦500,000,000 and its imports are ₦300,000,000, what is the balance of payments?

Answer Options

A. ₦100,000,000
Correct Answer B. ₦200,000,000
C. ₦300,000,000
D. ₦400,000,000
Correct Answer
B
Correct Option:
₦200,000,000

About This Question

This is Post Utme Lautech 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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