Post Utme Rsu 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_RSU • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports (X) are ₦500 billion and imports (M) are ₦300 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦200 billion
B. ₦300 billion
C. ₦400 billion
D. ₦500 billion
Correct Answer
A
Correct Option:
₦200 billion

About This Question

This is Post Utme Rsu 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support