Post Utme Veritas University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦100 billion, imports are ₦80 billion, foreign investment is ₦20 billion, and domestic investment is ₦30 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦10 billion deficit
C. ₦30 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Veritas University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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