Post Utme Skyline University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_SKYLINE_UNIVERSITY • 2022 • 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 ₦150 billion, imports (M) are ₦120 billion, foreign investment (F) is ₦80 billion, and domestic investment (I) is ₦60 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦30 billion
B. ₦20 billion
C. ₦10 billion
D. ₦40 billion
Correct Answer
A
Correct Option:
₦30 billion

About This Question

This is Post Utme Skyline University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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