Post Utme Rhema University 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2019 • 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 value of exports is ₦500,000,000,000 and the value of imports is ₦600,000,000,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦-100,000,000,000
B. ₦0
C. ₦100,000,000,000
D. ₦200,000,000,000
Correct Answer
A
Correct Option:
₦-100,000,000,000

About This Question

This is Post Utme Rhema University 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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