Post Utme Veritas University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the exports, and M is the imports. If the exports are ₦500,000,000 and the imports are ₦300,000,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦200,000,000
B. ₦300,000,000
C. ₦400,000,000
D. ₦500,000,000
Correct Answer
A
Correct Option:
₦200,000,000

About This Question

This is Post Utme Veritas University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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