Post Utme Uniben 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A country's balance of payments (BOP) is given by BOP = X - M, where X is exports and M is imports. If the country's exports are ₦500 billion and its imports are ₦600 billion, what is its balance of payments?

Answer Options

A. ₦100 billion
Correct Answer B. ₦50 billion
C. ₦200 billion
D. ₦300 billion
Correct Answer
B
Correct Option:
₦50 billion

About This Question

This is Post Utme Uniben 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Uniben 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