Post Utme Summit University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Summit University Economics examination.

Post Utme Summit University 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Summit University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support