Post Utme Summit University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Summit University Economics examination.

Post Utme Summit University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments 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 country's balance of payments?

Answer Options

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

About This Question

This is Post Utme Summit University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Summit University Economics examination.

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