Post Utme Abu 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Abu Commerce examination.

Post Utme Abu 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_ABU • 2024 • COMMERCE • objective

A foreign trade agreement between two countries involves the exchange of goods worth ₦100 million for goods worth 200,000. If the exchange rate is ₦500 = 1, what is the value of the goods received in exchange?

Answer Options

Correct Answer A. 200,000
B. 200,000.50
C. 200,000.51
D. 200,000.01
Correct Answer
A
Correct Option:
200,000

About This Question

This is Post Utme Abu 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Abu Commerce examination.

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