Post Utme Uniosun 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNIOSUN • 2021 • 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 exports and M is the imports. If the country's exports are ₦100 billion and its imports are ₦120 billion, find the balance of payments.

Answer Options

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

About This Question

This is Post Utme Uniosun 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

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