Post Utme Wellspring University 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

The balance of payments (BOP) of a country is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Wellspring University 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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