Post Utme Osustech 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation \( BOP = X - M \), where X is the value of exports and M is the value of imports. If the country's exports are ₦500 and imports are ₦300, find the balance of payments.

Answer Options

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

About This Question

This is Post Utme Osustech 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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