Post Utme Uniben 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the value of exports, and M is the value of imports. If the value of exports is ₦500,000 and the value of imports is ₦300,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦200,000
B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Uniben 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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