Post Utme Ui 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_UI • 2024 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M + F, where BOP is the balance of payments, X is the exports, M is the imports, and F is the foreign investment. If the exports are ₦50 billion, the imports are ₦40 billion, and the foreign investment is ₦10 billion, calculate the balance of payments.

Answer Options

A. ₦10 billion
B. ₦20 billion
Correct Answer C. ₦30 billion
D. ₦40 billion
Correct Answer
C
Correct Option:
₦30 billion

About This Question

This is Post Utme Ui 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

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