Post Utme Wellspring University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦1000 and its imports are ₦800, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.

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