Post Utme Redeemers University 2023 Economics Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 27 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • 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 ₦100 billion and its imports are ₦120 billion, what is the value of the country's balance of payments?

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Redeemers University 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

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