Post Utme Oau 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_OAU • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) 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 country's exports are ₦100 billion and imports are ₦120 billion, what is the country's balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Oau 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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