Post Utme Aaua 2019 Commerce Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Aaua Commerce examination.

Post Utme Aaua 2019 Commerce Objective / Multiple Choice
Question 19 POST_UTME_AAUA • 2019 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where TB is the trade balance, X is exports and M is imports. If the country's exports are ₦500 billion and imports are ₦600 billion, what is the trade balance?

Answer Options

A. ₦100 billion
Correct Answer B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Aaua 2019 Commerce Question 19. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.

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