Post Utme Nile University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦200 billion
B. ₦300 billion
C. ₦400 billion
D. ₦500 billion
Correct Answer
A
Correct Option:
₦200 billion

About This Question

This is Post Utme Nile University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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