Post Utme Uniport 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Uniport Commerce examination.

Post Utme Uniport 2023 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2023 • COMMERCE • objective

A country's balance of payments account is given by the following 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 balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦20 billion deficit
C. ₦80 billion surplus
D. ₦80 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Uniport 2023 Commerce Question 8. It is one of the objective questions from the 2023 Post Utme Uniport Commerce examination.

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