Post Utme Rhema University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is the exports, and M is the imports. If the exports are $100 billion and the imports are $120 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Rhema University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Rhema University Economics examination.

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