Post Utme Afe Babalola University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. If the country's exchange rate is fixed at 1 USD = 100 Naira, what is the equivalent trade deficit in Naira?

Answer Options

Correct Answer A. ₦10,000,000,000
B. ₦5,000,000,000
C. ₦1,000,000,000
D. ₦500,000,000
Correct Answer
A
Correct Option:
₦10,000,000,000

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.

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