Post Utme Summit University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Summit University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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