Post Utme Rhema University 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = 100 + 2X - 3M. If the country's exports are ₦200 billion and its imports are ₦300 billion, what is its balance of payments?

Answer Options

A. ₦100 billion
Correct Answer B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Rhema University 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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