Post Utme Uniben 2024 Economics Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2024 • 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 exports, and M is imports. If the country's exports are 100 billion naira and imports are 80 billion naira, what is the value of the balance of payments?

Answer Options

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

About This Question

This is Post Utme Uniben 2024 Economics Question 34. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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