Post Utme Rsu 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2023 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M + \( F - I \). If the country's exports (X) are ₦100 billion, imports (M) are ₦80 billion, foreign investment (F) is ₦20 billion, and domestic investment (I) is ₦15 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦5 billion surplus
B. ₦10 billion surplus
C. ₦15 billion deficit
D. ₦20 billion deficit
Correct Answer
A
Correct Option:
₦5 billion surplus

About This Question

This is Post Utme Rsu 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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