Post Utme Wellspring University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given 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 ₦100,000 and the value of imports is ₦120,000, what is the balance of payments?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Wellspring University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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