Post Utme Summit University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Summit University Economics examination.

Post Utme Summit University 2024 Economics Objective / Multiple Choice
Question 3 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 country's exports and M is its imports. If the country's exports are ₦1000 and its imports are ₦800, find the country's balance of payments.

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Summit University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.

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