Post Utme Uniben 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Uniben Economics examination.

Post Utme Uniben 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNIBEN • 2018 • 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, find the balance of payments.

Answer Options

A. ₦20 billion
B. ₦40 billion
Correct Answer C. ₦60 billion
D. ₦80 billion
Correct Answer
C
Correct Option:
₦60 billion

About This Question

This is Post Utme Uniben 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Uniben Economics examination.

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