Post Utme Veritas University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

The balance of payments (BOP) for a country can be represented by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦100 billion
B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Veritas University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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