Post Utme Madonna University 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2018 Economics Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

The balance of payments account for a country is given by the following equation: BOP = X - M + \( F - I \). If the country's exports (X) are ₦1,000,000,000, imports (M) are ₦800,000,000, foreign investment (F) is ₦500,000,000, and foreign aid (I) is ₦200,000,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦300,000,000
B. ₦400,000,000
C. ₦500,000,000
D. ₦600,000,000
Correct Answer
A
Correct Option:
₦300,000,000

About This Question

This is Post Utme Madonna University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.

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