Post Utme Veritas University 2020 Economics Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 40 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports (X) are 100 billion naira and its imports (M) are 80 billion naira, calculate the value of the balance of payments.

Answer Options

A. 10 billion naira
Correct Answer B. 20 billion naira
C. 30 billion naira
D. 40 billion naira
Correct Answer
B
Correct Option:
20 billion naira

About This Question

This is Post Utme Veritas University 2020 Economics Question 40. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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