Post Utme Skyline University 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦20 billion
B. ₦40 billion
C. ₦60 billion
D. ₦80 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Skyline University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

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