Post Utme Wellspring University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments (BOP) 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 country's exports are valued at ₦100 billion and imports are valued at ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Wellspring University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.

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