Post Utme Uniosun 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_UNIOSUN • 2021 • COMMERCE • objective

A country's balance of payments account is given by the following equation: BOP = (X - M) + (F - I), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's foreign investment increases by 10% and domestic investment decreases by 5%, what is the percentage change in the balance of payments?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Uniosun 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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