Post Utme Afe Babalola University 2021 Commerce Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2021 Commerce Objective / Multiple Choice
Question 36 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A country has a trade deficit of ₦100,000,000 and a balance of payments deficit of ₦50,000,000. What is the country's overall trade balance?

Answer Options

A. ₦50,000,000 surplus
Correct Answer B. ₦50,000,000 deficit
C. ₦100,000,000 surplus
D. ₦100,000,000 deficit
Correct Answer
B
Correct Option:
₦50,000,000 deficit

About This Question

This is Post Utme Afe Babalola University 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Commerce examination.

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