Post Utme Noun 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following 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 naira and the value of imports is 80 billion naira, what is the balance of payments?

Answer Options

Correct Answer A. 10 billion naira
B. 20 billion naira
C. 30 billion naira
D. 40 billion naira
Correct Answer
A
Correct Option:
10 billion naira

About This Question

This is Post Utme Noun 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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