Post Utme Redeemers University 2024 Economics Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 37 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the following identity: BOP = X - M, where X is the value of exports and M is the value of imports. If the country's current account balance is in surplus by ₦100 billion and the capital account balance is in deficit by ₦50 billion, what is the overall BOP balance?

Answer Options

Correct Answer A. ₦50 billion surplus
B. ₦50 billion deficit
C. ₦100 billion surplus
D. ₦150 billion deficit
Correct Answer
A
Correct Option:
₦50 billion surplus

About This Question

This is Post Utme Redeemers University 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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