Post Utme Veritas University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_VERITAS_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's trade balance is in surplus by ₦100 billion, its current account is in deficit by ₦50 billion, and its capital account is in surplus by ₦20 billion, what is the value of BOP?

Answer Options

Correct Answer A. ₦70 billion
B. ₦80 billion
C. ₦90 billion
D. ₦100 billion
Correct Answer
A
Correct Option:
₦70 billion

About This Question

This is Post Utme Veritas University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Veritas University Economics examination.

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